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...
Dec 8, 2021 | Banks & Credit Unions, Federal Regulation, News
Chopra Announces Enhanced Supervisory and Enforcement Scrutiny of Banks Heavily Dependent on Overdraft Fees In an effort to eradicate what he sees as illegal overdraft fee practices, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), recently...
Dec 6, 2021 | Federal Regulation, News
Federal Agencies Approve Cyberattack Rules for US Banking System Last month, the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board of Governors, and the Federal Deposit Insurance Corp. (FDIC) approved a final rule on how information about...
Dec 3, 2021 | Federal Regulation, News
Former CFPB Director Cordray Rumored to be Candidate for Federal Reserve’s Top Bank Regulator Richard Cordray, who served as the Director of the Consumer Financial Protection Bureau (CFPB) from 2013 to 2017, is rumored to be under consideration to be the Biden...
Dec 1, 2021 | Congressional Legislation, Federal Regulation, News
Five Senators Oppose Omarova Nomination for OCC Last week, five Democratic Senators told the White House that they oppose the Biden Administration’s pick to lead the Office of the Comptroller of the Currency (OCC), Saule Omarova. With Republicans widely opposed to the...
Nov 26, 2021 | Federal Regulation, News
CFPB Sues Pawn Lenders for MLA Violations Earlier this month, the Consumer Financial Protection Bureau (CFPB) sued FirstCash, Inc. and Cash America West, Inc., two pawn lenders that the Bureau alleges violated the Military Lending Act (MLA) by charging active-duty...
