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Regulatory Oversight › Military Lending Act

Orrick, Herrington & Sutcliffe LLP

CFPB obtains fortnight extension to inform the court of its intent to pursue action

Orrick, Herrington & Sutcliffe LLP on

On February 12, the U.S. SDNY granted the CFPB’s request to extend its deadline to explain if the Bureau wishes to continue its litigation efforts. The Bureau filed a letter with the SDNY requesting a two-week extension. The...more

Venable LLP

Buy-Now-Pay-Later: A 360 Degree Overview

Venable LLP on

Buy-Now-Pay-Later (BNPL) products are taking center stage as a popular way for consumers to purchase goods or services now and pay for them over time through a short series of installments, often interest-free. Industry...more

Ballard Spahr LLP

Democrats criticize Director Kraninger at Senate Banking Committee hearing

Ballard Spahr LLP on

Director Kraninger was sharply criticized by Democrats at today’s hearing on the Bureau’s semi-annual report held by the Senate Banking Committee....more

Ballard Spahr LLP

Democratic House members urge Kraninger to resume MLA exams

Ballard Spahr LLP on

Twenty-three Democratic members of the House Financial Services Committee have sent a letter to Kathy Kraninger, the CFPB’s new Director, urging the Bureau to resume examining its supervised entities for compliance with the...more

Burr & Forman

Military Lending Act Compliance

Burr & Forman on

On October 3, 2017, the Department of Defense’s revised Military Lending Act (“MLA”) regulations will apply to consumer credit card accounts. These regulations require significant changes and will alter the landscape of how...more

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