Dec 11, 2018 | Federal Regulation, News
← Previous Article Next Article → Mick Mulvaney, the former acting director of the Consumer Financial Protection Bureau (CFPB), issued a proposed rule change on “No-Action Letters” that has drawn praise from the financial sector and criticism from consumer...
Dec 7, 2018 | Congressional Legislation, News
← Previous Article Next Article → If the Consumer Financial Protection Bureau (CFPB) changes its name to the Bureau of Consumer Financial Protection (BCFP), it could end up costing businesses $300 million, according to an internal agency analysis leaked to...
Dec 7, 2018 | Banks & Credit Unions, News
← Previous Article Next Article → The U.S. Postal Service (USPS) should stay away from postal banking, according to a recently released report by the Department of Treasury. The report’s primary goal was to “identify a path for the USPS to operate under a...
Dec 6, 2018 | Federal Regulation, News
← Previous Article Next Article → On December 6, the Senate voted along party lines to confirm Kathy Kraninger as the new director of the Consumer Financial Protection Bureau (CFPB). Kraninger will take over the federal agency from Mick Mulvaney, who has...
Dec 4, 2018 | Litigation, News, Tribal Sovereignty
← Previous Article Next Article → The Ninth Circuit Court of Appeals upheld a $1.3 billion award against Scott Tucker’s loan companies, rejecting Tucker’s arguments that the loan agreements were not unfair or deceptive. In the published opinion, U.S. Circuit...
Nov 30, 2018 | Congressional Legislation, News
← Previous Article Next Article → The Federal Reserve (Fed) issued its first-ever Financial Stability Report where it praised the financial sector for being strongly capitalized while voicing concern over the historically high level of corporate debt. In the...
Nov 29, 2018 | Federal Regulation, News
← Previous Article Next Article → The Senate voted to advance Kathy Kraninger’s nomination to lead the Consumer Financial Protection Bureau (CFPB). This procedural vote, which limits debate in the Senate, brings her one step closer to being the next director...
