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...
Jul 30, 2019 | Federal Regulation, News
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) along with the New York Attorney General (AG) proposed settlements with several debt collectors that were allegedly in violation of the Consumer Financial Protection Act, the...
Jul 26, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → The payment provisions of the Consumer Financial Protection Bureaus’ (CFPB) small-dollar rule (the Rule), also known as the payday rule, is set to go into effect on August 19, 2019. Last month, the CFPB updated its Small...
Jul 26, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → Equifax reached a large financial settlement with federal and state regulators last week, stemming from their mishandling of the 2017 data breach that impacted nearly 150 million Americans. The settlement would resolve a...
Jul 24, 2019 | Banks & Credit Unions, Congressional Legislation, Federal Regulation, News
← Previous Article Next Article → The U.S. Senate Banking Committee led by Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) held an unprecedented hearing on cannabis banking on July 23. The Senators focused their remarks on the Secure and...
Jul 24, 2019 | Congressional Legislation, Federal Regulation, FinTech, News
← Previous Article Next Article → Earlier today, a congressional delegation sent a letter to Kathy Kraninger, Director of the Consumer Financial Protection Bureau (CFPB), urging the CFPB to adhere to the agency’s policy on Tribal Consultation. The signers of...
Jul 19, 2019 | Federal Regulation, News
← Previous Article Next Article → Kathy Kraninger, Director of the Consumer Financial Protection Bureau, recently said that the federal agency is reviewing its examination process, especially how it works in conjunction with other federal regulators.“We are...
Jul 18, 2019 | Federal Regulation, Financial Literacy, News
← Previous Article Next Article → On July 17, the Consumer Financial Protection Bureau (CFPB) updated a 2016 Advisory and Recommendations report that guides financial institutions on how to best respond to elder abuse. The new Advisory includes an updated...
Jul 16, 2019 | Federal Regulation, News
← Previous Article Next Article → Eric S. Rosengren, President and Chief Executive Officer of the Federal Reserve Bank of Boston, recently discussed the current state of the U.S. financial system, arguing that although there is stability, federal regulators...
