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State and Local Government › U.S. Treasury › Consumer Financial Protection Bureau (CFPB)

Orrick, Herrington & Sutcliffe LLP

Baltimore voluntarily dismisses case seeking to prevent transfer of CFPB funds outside the Bureau

Orrick, Herrington & Sutcliffe LLP on

On May 29, the Mayor and City Council of Baltimore filed a notice in the U.S. District Court for the District of Maryland to voluntarily dismiss their case against the CFPB and Russell Vought. As previously covered by...more

Sheppard Mullin Richter & Hampton LLP

AZ Attorney General Concludes Non-Recourse EWA Not a Loan

Sheppard Mullin Richter & Hampton LLP on

On December 18, the Arizona Attorney General issued an opinion on earned wage access (EWA), which determined that fully non-recourse EWA products do not constitute consumer loans subject to consumer loan regulations, and...more

Goodwin

Financial Services Weekly Roundup: Priming The Pump – Additional Actions To Combat COVID-19

Goodwin on

Priming the Pump. As the COVID-19 outbreak continues, the Board of Governors of the Federal Reserve System (Federal Reserve), consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), took additional...more

Perkins Coie

Fintech Regulatory Sandboxes: Update on Arizona’s Sandbox and Other Developments

Perkins Coie on

Arizona’s financial technology (“fintech”) sandbox (“Sandbox”), the first of its kind in the United States, has been open for several months and has accepted three participants. A month after the program’s launch, Arizona’s...more

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