Oct 22, 2019 | Federal Regulation, Litigation, News
The Office of the Comptroller of the Currency (OCC) announced today that it will appeal a district judge’s ruling that the federal regulator cannot issue a special-purpose fintech charter to a nonbank entity that is ineligible for federal deposit insurance. “The...
Oct 21, 2019 | Federal Regulation, News
The Consumer Financial Protection Bureau (CFPB) under the leadership of Kathy Kraninger has found a middle-ground in policing the financial services sector, initiating more enforcement actions than her predecessor Mick Mulvaney but less than Obama-appointed Richard...
Oct 21, 2019 | Litigation, News
The U.S. Supreme Court recently agreed to review Seila Law v. Consumer Financial Protection Bureau (CFPB), a case that centers on the constitutionality of the CFPB. The dispute originated when Seila Law, a law firm, refused to turn over documents to the CFPB when...
Oct 18, 2019 | Federal Regulation, News
Over the past year, there has been a quiet battle brewing between the Department of Education and the Consumer Financial Protection Bureau (CFPB) over the student loan industry. Kathy Kraninger, Director of the CFPB, sent a letter to Senator Elizabeth Warren stating...
Oct 17, 2019 | Federal Regulation, News
Last week, the Consumer Financial Protection Bureau (CFPB) announced a new taskforce that will review federal consumer financial laws with the ultimate responsibility of proposing ways to harmonize and update those laws. “An objective and independent evaluation of...
