State AGs Push Back on Proposed CFPB “Trial Sandbox”
← Previous Article Next Article → In a letter to the Consumer Financial Protection Bureau (CFPB), 22 Democratic state attorneys general (AGs) said the CFPB should revise its policy concerning no-action letters and should rethink its regulatory sandbox, which...
Congress Considers Legislation to Shield Tribes from Government Shutdowns
← Previous Article Next Article → Late last night, the President pledged to sign H.J. Res. 31, a bill that would keep the government funded through the fiscal year. Although tribes will be spared another government shutdown for now, a future one is always...
The Congressional Taskforce on Financial Technology and Innovation
← Previous Article Next Article → Earlier this year, Maxine Waters, Chair of the House Financial Services Committee, listed financial technology (fintech) as a policy priority for the committee, and much of that work will start with the creation of a new...
Federal Regulator Voices Support for CFPB’s Proposal on Small-Dollar Rule
← Previous Article Next Article → Earlier today, the Comptroller of the Currency Joseph Otting voiced his support for the Consumer Financial Protection Bureau’s (CFPB) proposal to rescind the ability-to-repay requirements under its Final Rule regarding... House Democrats Ask CFPB for Documents Related to Recent Settlements
← Previous Article Next Article → Democratic leadership in the House Financial Services Committee has sent a letter to the Consumer Financial Protection Bureau (CFPB) asking for documents related to recent settlements. The letter points out that several...
Court Questions Whether Overdraft Fees are Interest Rates
← 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...
Military Members’ Complaints Rise at CFPB
← 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... CFPB Proposes Changes to Small-Dollar Rule
← 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...
