Canadian City Proposes Location Restrictions for Payday Lenders
← 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...
CFPB Argues that States Can Pursue Parallel Enforcement Claims
← 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...
Circuit Split Casts Doubt on FTCA Enforcement
← 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)...
Waters Announces Fall Priorities for Financial Services Committee
← 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,...
CSBS Launches New Tools for Fintech Firms
← 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...
Global Fintech Deals Slow Down in 2019
← 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... CFPB Hires New Student Loan Ombudsman
← 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...
Federal Regulators Revise Volcker Rule
← 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...
