On June 15, the Consumer Financial Protection Bureau (CFPB or the Bureau) issued proposed amendments to its Prepaid Account Products Final Rule (Prepaid Rule). The CFPB has proposed to amend Regulation E, which implements the...more
Kilpatrick Townsend Partner Christina Gattuso and Counsel Eamonn Moran recently discussed the Office of the Comptroller of the Currency’s (OCC) decision to move forward with considering applications from financial technology...more
Kilpatrick Townsend is pleased to present our inaugural Fintech Webinar Series designed to discuss timely topics involving the fintech industry. Please invite others from your organization and stay tuned for future fintech...more
On April 13, the Consumer Financial Protection Bureau (CFPB) issued proposed amendments to Regulation C (the implementing regulation for the Home Mortgage Disclosure Act), to make technical corrections and to clarify certain...more
On March 15, the Office of the Comptroller of the Currency (OCC) provided additional detail on evaluating national bank charter applications from financial technology (FinTech) companies that engage in the business of...more
On October 5, 2016, the Consumer Financial Protection Bureau (the Bureau or CFPB) issued its final rule to extend certain federal consumer protections to the prepaid market. As previously reported, the rule extends Regulation...more
On February 16, the U.S. Court of Appeals for the D.C. Circuit entered an order granting the Consumer Financial Protection Bureau’s (CFPB) petition for rehearing en banc in the PHH Corporation, et al., v. Consumer Financial...more
Regulatory Developments and Prospects for Consumer Gift Cards, Prepaid Cards, and Other Consumer Electronic Payment Methods -
Kilpatrick Townsend Partner Christina Gattuso and Counsel Eamonn Moran recently provided an...more
On January 13, 2017, the National Economic Council published a whitepaper that articulates the Obama Administration’s perspective on and vision for FinTech. The whitepaper builds upon the June 2016 White House FinTech Summit,...more
On October 24, 2016, the Consumer Financial Protection Bureau (CFPB) issued a report highlighting various marketplace developments in payments, transactions, lending, underwriting, budgeting, money management, and other...more
On October 11, 2016, the United States Court of Appeals for the District of Columbia Circuit issued a highly-anticipated decision in PHH Corporation, et al., v. Consumer Financial Protection Bureau that has far reaching...more
10/13/2016
/ Administrative Proceedings ,
Article II ,
Banking Sector ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Due Process ,
HUD ,
Insurance Industry ,
Kickbacks ,
Mortgage Insurance ,
Mortgages ,
PHH Corp. v CFPB ,
Popular ,
Referral Fees ,
Reinsurance ,
Removal For-Cause ,
RESPA ,
Single Director ,
Statute of Limitations ,
Statutory Interpretation
On October 5, 2016, the Consumer Financial Protection Bureau (the Bureau or the CFPB) issued its final rule to extend certain federal consumer protections to the prepaid market.1 Specifically, the rule extends Regulation E...more
In late September, Representative Patrick McHenry (R-NC), vice chair of the House Financial Services Committee, introduced the “Financial Services Innovation Act of 2016,” which is intended to promote innovation in financial...more
Nasdaq has amended its listing rules to require listed companies to publicly disclose compensation or other payments by third parties to company directors or nominees for director. The new rule, which is designated as...more
The Federal Reserve Board (the “Board”) has adopted amendments to the Board’s regulatory capital framework (“Regulation Q”), that clarify how the revised regulatory capital framework applies to depository institution holding...more