Feb 8, 2019 | Litigation, News
← Previous Article Next Article → The First Circuit Court of Appeals is hearing a case that will shed further light on whether a bank’s overdraft fee should be considered interest. Previous rulings have found that overdraft fees are not an extension of...
Feb 7, 2019 | Federal Regulation, News
← Previous Article Next Article → There has been a sharp increase in the number of complaints received by the Consumer Financial Protection Bureau (CFPB) from military service members between 2012 and 2018, according to an annual report by CFPB’s Office of...
Feb 6, 2019 | Federal Regulation, News
← Previous Article Next Article → Earlier today, the Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking to rescind certain provisions of the final rule regarding “Payday, Vehicle Title, and Certain High-Cost Installment...
Feb 5, 2019 | Banks & Credit Unions, News, Tribal Sovereignty
← Previous Article Next Article → There are more than 30 native-owned banks and credit unions serving underserved communities all across America. Because of these native-owned financial institutions, many people living on or near tribal reservations now have...
Feb 1, 2019 | Federal Regulation, News
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger announced leadership changes in a recent press release. This comes after the New York Attorney General’s (AGs) office and other states have nabbed key...
Jan 31, 2019 | Federal Regulation, News
← Previous Article Next Article → Thirteen state attorney generals (AG) and the District of Columbia AG have submitted a comment to the Federal Deposit Insurance Corporation (FDIC) in response to the agency’s request for information on small-dollar...
Jan 31, 2019 | Congressional Legislation, News
← Previous Article Next Article → The House of Representatives passed resolution H. Res. 77 that encourages financial institutions to “work proactively with their customers affected by the shutdown of the Federal Government who may be facing short-term...
Jan 28, 2019 | Congressional Legislation, News
← Previous Article Next Article → Rep. Patrick McHenry (R-NC-10), the ranking member of the House Financial Services Committee, sent a letter to Committee Chairwoman Maxine Waters (D-CA-43) and Democratic leadership to ask them to prioritize Britain’s...
Jan 25, 2019 | Federal Regulation, News
← Previous Article Next Article → Chris D’Angelo, the third highest ranking official at the Consumer Financial Protection Bureau (CFPB), is the latest high-profile government staffer to depart the CFPB in order to work for a state regulatory agency...
Jan 24, 2019 | Congressional Legislation, News
← Previous Article Next Article → The U.S. Commodity Futures Trading Commission (CFTC) and its Australian counterpart, the Australian Securities and Investments Commission (ASIC), have signed a cooperation agreement on fintech innovation. The CFTC promotes...
