Aug 8, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → Earlier this week, Judge Lee Yeakel from the District Court for the Western District of Texas continued his “stay” of the compliance date for both the payment provisions and the mandatory underwriting provisions of the...
Aug 7, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → Last week, we told readers that Federal Reserve (Fed) Chairman Jerome Powell was “seriously considering” a real-time payments system. A week later, the Fed officially announced that it would begin developing a...
Aug 7, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → On August 2, 2019, the defendants and plaintiffs in a lawsuit over the Consumer Financial Protection Bureau’s (CFPB) Small-Dollar Rule asked a Texas district court to continue its stay of the Rule, including both the...
Aug 2, 2019 | Banks & Credit Unions, Federal Regulation, News
← Previous Article Next Article → In a letter to Congress, Federal Reserve Chairman Jerome Powell indicated that the U.S. Federal Reserve (Fed) was “seriously considering” a real-time payments system, and that the Fed was uniquely structured to oversee the...
Jul 30, 2019 | Federal Regulation, News
← Previous Article Next Article → A federal court in Texas recently shutdown a “rogue payment processor” and a “credit card interest reduction scheme” that allegedly took millions of dollars from consumers illegally, according to the Federal Trade Commission...
