Feb 23, 2022 | Federal Regulation, News
CFPB Launches New Way for Public to Directly Submit Rulemaking Petitions Last week, the Consumer Financial Protection Bureau (CFPB) launched a new process that will allow the public to submit petitions for rulemaking directly to the agency, with submitted petitions...
Feb 18, 2022 | Federal Regulation, News
District Court Upholds OCC’s Valid When Made Rule Earlier this month, the U.S. District Court for the Northern District of California ruled against a challenge to the OCC’s “valid when made” rule that was brought by California, Illinois, and New York after the rule...
Feb 14, 2022 | Federal Regulation, News
Gruenberg Becomes Acting FDIC Chairman, Outlines Priorities Earlier this month, Martin Gruenberg, a longtime board member of the Federal Deposit Insurance Corp. (FDIC), became the acting chair of the agency after Jelena McWilliams’ resignation. Upon assuming the...
Feb 2, 2022 | Federal Regulation, News
CFPB Scrutinizing Credit Card Industry Interest and Fees The Consumer Financial Protection Bureau (CFPB) last month took aim at credit card issuers and announced that it was looking at whether credit card companies are participating in unfair or anti-competitive...
Jan 24, 2022 | Federal Regulation, News
Biden Nominates Three to Fed Board of Governors Recently, President Biden announced nominations of three top officials to the Federal Reserve Board of Governors: former Treasury Department Deputy Secretary Sarah Bloom Raskin for Fed chair of supervision, and Michigan...
Jan 14, 2022 | Federal Regulation, News
CFPB Report Claims Credit Bureaus Deficient in Responding to Consumer Complaints A recent analysis by the Consumer Financial Protection Bureau (CFPB) found that the three major credit reporting agencies—Equifax, Experian, and TransUnion—reported relief in response to...
