Consumer lenders face a rapidly changing legal landscape. States are increasingly targeting the activities of non-bank third parties in the consumer loan process and interest rate exportation by state-chartered banks. In the...more
The Consumer Financial Protection Bureau (CFPB) was created under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) in July 2010 in the wake of a financial crisis, as an independent agency tasked with...more
12/27/2017
/ Administrative Agencies ,
Administrative Resignation ,
Arbitration ,
Banking Sector ,
Class Action ,
Class Action Arbitration Waivers ,
Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Financial CHOICE Act ,
Financial Services Industry ,
PHH Corp. v CFPB ,
Regulatory Oversight ,
Richard Cordray ,
Trump Administration
On November 15, 2016, the Federal Deposit Insurance Corporation (FDIC) released its final rule regarding deposit account recordkeeping (Final Rule) to help insure prompt access to funds in the event of a bank failure,...more