Sep 6, 2019 | Litigation, News
← Previous Article Next Article → In a ruling earlier this week, U.S. District Judge Dabney Friedrich dismissed a lawsuit by the Conference of State Bank Supervisors (CSBS) over the Office of the Comptroller of the Currency’s (OCC) plan to issue a special...
Sep 2, 2019 | FinTech, News
← Previous Article Next Article → Last week, the planning department for Ottawa proposed restrictions for new payday loan businesses in the city. The proposal stems from a decision by the Ontario provincial government last year to allow cities to determine...
Aug 30, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → In an amicus brief filed yesterday, the Consumer Financial Protection Bureau (CFPB) told the Third Circuit that state attorneys general can pursue enforcement claims that are parallel to enforcement claims brought by the...
Aug 30, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → A three-judge panel on the Seventh Circuit Court of Appeals ruled that the Federal Trade Commission (FTC) could not collect restitution from a company that violated Section 13(b) of the Federal Trade Commission Act (FTCA)...
Aug 26, 2019 | Congressional Legislation, News
← Previous Article Next Article → Last Friday, Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee, announced the Committee’s fall priorities, which includes cryptocurrency and workplace diversity.According to the press release,...
Aug 23, 2019 | FinTech, News
← Previous Article Next Article → Earlier this week, the Conference of State Bank Supervisors (CSBS) announced three new tools aimed to help fintech firms “navigate the state regulatory system and protect against cyber risks.”The tools include the...
Aug 23, 2019 | FinTech, News
← Previous Article Next Article → According to a new report, global fintech firms saw 838 deals worth $15.1 billion in the first half of 2019. If this trend continues through the year, the number and value of fintech deals will be lower than in 2018.Global...
Aug 21, 2019 | Congressional Legislation, News
← Previous Article Next Article → Last week, the Consumer Financial Protection Bureau (CFPB) named Robert G. Cameron as its new private education loan ombudsman, drawing criticism from Congresswoman Maxine Waters, chair of the House Financial Services...
Aug 21, 2019 | Federal Regulation, News
← Previous Article Next Article → Two federal regulators, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), agreed to revise the Volcker Rule, a key component of the Dodd-Frank Act. The Volcker Rule is...
Aug 15, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → Senator Elizabeth Warren (D-MA), alongside Congresswomen Raja Krishnamoorthi (D-IL), Ayanna Pressley (D-MA), and Katie Porter (D-CA), sent a letter on August 14 to Kathy Kraninger, the Director of the Consumer Financial...
