stay informed with the latest news and analysis from across the financial services industry.
For months, there has been increasing speculation that CFPB Director Richard Cordray will leave the Bureau to run for Governor of Ohio. Industry rumors have intensified in recent weeks, and the question has shifted [...]
Today, Acting Comptroller of the Currency Keith Noreika issued a statement on the CFPB’s arbitration rule after the Office of the Comptroller of the Currency missed a Saturday deadline to petition the Financial Stability [...]
On July 27, 2017, the Massachusetts Attorney General’s office issued a press release announcing a $1 million settlement agreement with the largest debt collection law firm in the state. According to the AG’s press [...]
Last week, the CFPB issued its semi-annual rulemaking agenda. While the Bureau stated that it was “carefully reviewing” the extraordinary number of comments received in response to its proposed payday rule, it did not [...]
Last week, Republicans on the House Financial Services Committee introduced a "resolution of disapproval" to override the CFPB's arbitration rule which bans financial services companies from including mandatory class action waivers in consumer contracts. [...]
Yesterday at 5 PM, the House Rules Committee, by a 9-4 partisan vote, reported a rule on H.J. Res. 111 with a recommendation that the resolution be adopted. H.J. Res. 111 provides for Congressional disapproval [...]