Mar 19, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → In an appeal filed last Friday, the Consumer Financial Protection Bureau (CFPB) argued that its organizational structure, including its “for-cause removal” provision, was constitutional because it met U.S. Supreme Court...
Mar 6, 2019 | Litigation, News
← Previous Article Next Article → In 2015, the Second Circuit Court of Appeals issued a ruling in Madden v. Midland Funding that seemed to overturn the “valid-when-made” doctrine, sending shock waves through the financial services sector. Denied a hearing by...
Mar 2, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB), has filed a lawsuit seeking to enforce a Civil Investigative Demand (CID) against the Law Offices of Crystal Moroney, (LOCM) a debt collection law firm. It is the first CFPB...
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...