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...
Consumer Groups Claim Bipartisan Concern over CFPB’s Debt Collection Proposal
← Previous Article Next Article → The Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL), two consumer advocacy groups, claim that a new poll shows bipartisan concern over certain elements of the Consumer Financial Protection...
CFPB Announces New Coordination Project with State Regulators
← Previous Article Next Article → Earlier today, the Consumer Financial Protection Bureau (CFPB), alongside multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN), which aims to enhance coordination between federal and...
