Feb 18, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → In a letter to the Consumer Financial Protection Bureau (CFPB), 22 Democratic state attorneys general (AGs) said the CFPB should revise its policy concerning no-action letters and should rethink its regulatory sandbox, which...
Feb 12, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → Democratic leadership in the House Financial Services Committee has sent a letter to the Consumer Financial Protection Bureau (CFPB) asking for documents related to recent settlements. The letter points out that several...
Feb 8, 2019 | Litigation, News
← Previous Article Next Article → The First Circuit Court of Appeals is hearing a case that will shed further light on whether a bank’s overdraft fee should be considered interest. Previous rulings have found that overdraft fees are not an extension of...
Dec 28, 2018 | Litigation, News, Tribal Sovereignty
← Previous Article Next Article → The Connecticut Superior Court recently issued a ruling in favor of the plaintiff in Great Plains Lending v. State of Connecticut Department of Banking, et al. The court argued that the state regulator erred in its...
Dec 24, 2018 | Banks & Credit Unions, Litigation, News
← Previous Article Next Article → The U.S. Attorney for the Southern District of New York, Geoffrey Berman, has filed a criminal charge against Central States Capital Markets (CSCM), alleging that the broker-dealer violated the Bank Secrecy when it failed to...
Dec 4, 2018 | Litigation, News, Tribal Sovereignty
← Previous Article Next Article → The Ninth Circuit Court of Appeals upheld a $1.3 billion award against Scott Tucker’s loan companies, rejecting Tucker’s arguments that the loan agreements were not unfair or deceptive. In the published opinion, U.S. Circuit...
