Newsletters

03.13.19

Deal Final in FTC’s Action Against Online Lender

The Federal Trade Commission (FTC) has finalized its deal with SoFi, an online lender that the agency had accused of making false statements about student loan refinancing.


03.13.19

From Fintech Charters to Sandboxes

Financial technology news includes the continuing battle over the Office of the Comptroller of the Currency’s (OCC) plan to issue special-purpose national bank (“fintech”) charters, with the agency seeking to dismiss lawsuits by the Conference of State Bank Supervisors (CSBS) and ...


03.13.19

Credit Unions Push DOJ for ADA Guidance

Financial institutions need help, the Credit Union National Association (CUNA) told newly confirmed U.S. Attorney General William Barr, urging the Department of Justice (DOJ) to provide clear guidance on how it believes the Americans with Disabilities Act (ADA) applies to website accessibility.


03.13.19

RESPA New Private Actions? Massachusetts OKs NOE Error Suit

Just a limited set of Real Estate Settlement Procedures Act (RESPA) claims allow for private rights of action, but the list might be growing larger.


02.27.19

CFPB News: Short-Term Lending, Enforcement Concerns, Disclosure Sandbox

Short-term lending remains in the news at the Consumer Financial Protection Bureau (CFPB or Bureau), with the CFPB proposing to rescind key ability-to-repay provisions of a much-debated payday lending rule and with the announcement of a $100,000 enforcement action settlement with a short-term ...


02.27.19

Data Security News: New Federal Privacy Bill?

Are we about to see some bipartisan legislation to improve privacy and data security?


02.27.19

State Regulators Move to Streamline Fintech Regulation

State regulators have reached an agreement on multistate licensing and supervision standards for the financial technology industry, drawing from recommendations made by a group of several dozen fintech companies.


02.14.19

Newsom’s Six-Month Paid Family Leave Agenda

Shortly after being sworn in as the new governor of California, Gavin Newsom proposed extending California’s current six-week paid family leave (PFL) to six months.


02.14.19

CFPB: More Enforcement, RFI and Servicemember Report

The Consumer Financial Protection Bureau (CFPB or Bureau) has been busy under Director Kathy Kraninger, taking enforcement actions against an online lender, an online loan broker and a group of international payday lenders.


02.14.19

Small-Dollar Lending: State AGs Offer FDIC Advice, CA DBO Takes Action

Small-dollar lending made headlines recently, with a group of 14 attorneys general responding to the Federal Deposit Insurance Corporation’s (FDIC) request for information (RFI) on the subject and a new California Department of Business Oversight (DBO) enforcement action.