On July 10, the Consumer Financial Protection Bureau (CFPB) issued its Final Arbitration Rule. While the CFPB's Final Rule publication weighs in at 775 pages, the rule itself occupies only 11 pages, and the Official...more
BROKER-DEALER FINRA -
Issues Guidance With Respect to Stop Orders and Volatile Market Conditions -
On May 26, FINRA issued guidance encouraging firms to review their policies with respect to the use of stop orders...more
6/6/2016
/ Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Federal Reserve ,
Foreign Exchanges ,
Payday Loans ,
Position Limits ,
Proposed Regulation ,
SEFs ,
Shadow Banking ,
UK
If implemented, the Proposed Rule will result in an increase in class action lawsuits against consumer finance companies that currently include class action waivers in their contracts.
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On January 20, the Consumer Financial Protection Bureau (CFPB) finalized two minor modifications to the “Know Before You Owe” mortgage disclosure rules. The changes, which were proposed in October 2014, address when consumers...more
On January 10, the Consumer Financial Protection Bureau (CFPB) released a final rule (ATR Rule) to implement provisions related to the ability to repay (ATR) standards and the definition of a “qualified mortgage” (QM) as...more
On January 17, the Consumer Financial Protection Bureau (CFPB or Bureau) published its final rules related to consumer mortgage loan servicing....more