Regulatory Oversight, Administrative Procedure Act, Financial Institutions

FDIC withdraws proposed rule on industrial banks and loan companies

Orrick, Herrington & Sutcliffe LLP on 7/18/2025

On July 15, the FDIC Board withdrew a proposed rule concerning the oversight of parent companies of industrial banks and industrial loan companies. The withdrawal means the FDIC no longer intends to issue a final rule on...more

CFPB won’t prioritize BNPL enforcement

Ballard Spahr LLP on 5/12/2025

The CFPB will not make enforcement of its Buy Now, Pay Later rule a priority, according to a recent statement....more

NCUA board members challenge unprecedented removal by President Trump

Orrick, Herrington & Sutcliffe LLP on 5/5/2025

On April 28, a complaint was filed in the U.S. District Court for the District of Columbia, challenging the removal of two Senate-confirmed members of the NCUA Board by President Trump. The plaintiffs allege that their...more

Ousted Democratic NCUA board members file suit

Ballard Spahr LLP on 5/2/2025

The two Democratic NCUA board members ousted by President Trump have filed suit, arguing that their firings violated federal law....more

Baltimore government files to challenge the CFPB’s funding decisions, Vought delays budget cuts

Orrick, Herrington & Sutcliffe LLP on 2/14/2025

On February 12, a complaint was filed in the U.S. District Court for the District of Maryland against the CFPB and its Acting Director, Russell Vought. The plaintiffs — which include the Mayor and City Council of Baltimore,...more

GAO determination that leveraged lending guidance is subject to CRA could foreshadow similar fate for CFPB indirect auto finance...

Ballard Spahr LLP on 10/27/2017

In May 2017, we blogged about press reports that the Government Accountability Office (GAO) had accepted a request from Senator Patrick Toomey for a determination concerning whether the CFPB Bulletin 2013-02, titled “Indirect...more