Civil Rights Group Files Lawsuit Against the CFPB
← Previous Article Next Article → A civil rights group called the Lawyers’ Committee for Civil Rights Under Law recently filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) for not responding sufficiently or quickly enough to four Freedom...
CFPB Settles with Debt Relief Company
← Previous Article Next Article → Earlier this week, the Consumer Financial Protection Bureau (CFPB) settled a lawsuit against Freedom Debt Relief, the country’s largest debt-settlement services provider. According to the settlement, the company must pay $20...
Another Federal Regulator Takes on TCPA
← Previous Article Next Article → The Federal Deposit Insurance Corporation (FDIC) recently released a list of enforcement actions taken during the month of March, one of which includes its first enforcement decision and order against a bank for violating...
House Committee Considers Changes to Credit Reports
← Previous Article Next Article → On Thursday, July 11, the House Financial Services Committee will consider several legislative bills that would modify certain aspects of credit reports, including the proper use of alternative data and the length of time...
Banks Increase Lending to Nondepository Financial Institutions
← Previous Article Next Article → Over the last two years, banks have increased their lending to nondepository financial institutions, many of which are fintech firms, by 23 percent, according to data compiled by FedFis. In comparison, commercial and credit... Attorneys General Ask Federal Regulators to Keep Overdraft Rule
← Previous Article Next Article → Twenty-five state attorneys general (AGs) sent a letter to Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB), urging the CFPB to not weaken or rescind the overdraft rule. “We are aware of no...
House Democrats Urge Facebook to Halt Plans for Digital Currency
← Previous Article Next Article → Several House Democrats, led by Maxine Waters, chair of the House Financial Services Committee, sent a letter to Facebook executives urging them to halt plans for a new digital currency called the Libra.“We write to request...
Fourth Circuit Upholds Tribal Sovereignty by Ruling in Favor of Lac Vieux Desert Band of Lake Superior Chippewa Indians
← Previous Article Next Article → In a ruling filed on July 3 by the United States Court of Appeals for the Fourth Circuit in the case Williams et al v. Big Picture Loans, LLC et al, a three-judge panel ruled that Big Picture Loans and Ascension Technologies...
