Kraninger Promises to Enhance the Consumer Complaint Database
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB), under the leadership of Director Kathy Kraninger, announced “enhancements” that it will make to the controversial consumer complaint database with the purpose of improving it...
House Republicans Urge OCC to “Fix” Madden
← Previous Article Next Article → Republicans on the House Financial Services Committee sent a letter earlier this week to Comptroller Joseph Otting, head of the Office of the Comptroller of the Currency (OCC), urging him to administratively fix “Madden.”As...
CFPB Announces New Policies to Encourage Innovation
← Previous Article Next Article → On September 10, the Consumer Financial Protection Bureau (CFPB) announced three new policies aimed at promoting innovation and facilitating compliance in financial services, including a No-Action Letter Policy, a Trial...
“Choke Point” Language Added to Cannabis Legislation
← Previous Article Next Article → The House of Representatives is expected to vote on the Secure and Fair Enforcement (SAFE) Banking Act later this month. To attract Republican support, Democratic leadership has added an amendment targeting the revival of... Director Kraninger Calls the CFPB Unconstitutional
← Previous Article Next Article → In a brief filed yesterday, the Trump Administration urged the U.S. Supreme Court to review the constitutionality of the Consumer Financial Protection Bureau (CFPB), arguing that the federal agency is unconstitutionally...
California Legislature Passes Rate Cap Bill
← Previous Article Next Article → Last Friday, the California State Senate passed the Fair Access to Credit Act, which would cap interest rates at 36 percent plus the Federal Funds Rate (over the past decade, this has been between 0 to 2.5 percent) on loans...
Federal Regulators Criticize Madden Decision
← Previous Article Next Article → In an amicus brief submitted on September 10, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) heavily criticized the 2015 Second Circuit decision in Madden v. Midland...
U.S. House of Representatives Passes Financial Service Bills
← Previous Article Next Article → Earlier this week, the U.S. House of Representatives passed five financial service bills that deal with everything from diversity in the workplace to affordable housing. According to a press release from the House Financial...
