Dec 29, 2021 | Federal Regulation, News
CFPB Opens Inquiry Into BNPL The Consumer Financial Protection Bureau (CFPB) recently issued a series of orders to assess the risks and benefits of “buy now, pay later” (BNPL) credit to five major companies offering the service: Affirm, Afterpay, Klarna, PayPal, and...
Dec 27, 2021 | Congressional Legislation, Federal Regulation, News
Waters Presses Regulators to Impose Moratorium on Bank M&A Over $100 Billion Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, recently sent a letter to the Federal Reserve, Federal Deposit Insurance Corporation (FDIC),...
Dec 23, 2021 | Federal Regulation, News
CFPB Announces Rulemaking Agenda Through October 2022 Earlier this month, the Consumer Financial Protection Bureau (CFPB) published its Fall 2021 Rulemaking Agenda as part of the Fall 2021 Unified Agenda of Federal Regulatory and Deregulatory Actions. It lists...
Dec 20, 2021 | Federal Regulation, News
Chopra Invites State AGs to Team Up At a recent meeting of the National Association of Attorneys General, CFPB Director Rohit Chopra urged state Attorneys General (AGs) to collaborate with the CFPB on enforcement actions or to bring their own under federal law. “State...
Dec 13, 2021 | Federal Regulation, News
New Rules Allow Debt Collectors to Pursue Debtors Via Email, Text Messages, and Social Media Last month, new debt collection rules went into effect to expand the ways that collectors can go after debtors, including through social media, email, and text messages. The...
Dec 10, 2021 | Federal Regulation, News
Omarova Withdraws OCC Nomination More than two months after President Biden nominated Cornell University law professor Saule Omarova to lead the Office of the Comptroller of the Currency (OCC), Omarova withdrew her nomination this week after facing resistance from...
