CFPB Monitor

MAY 26, 2021

The FDIC has filed a motion for summary judgment in the lawsuit filed by the Attorney Generals of six states and District of Columbia to set aside the FDIC’s “ Madden -fix” rule. The lawsuit is pending before the same California federal district court judge (Judge Jeffrey S.

FDIC 78

FDIC District of Columbia Regulation California 78

CFPB Monitor

MAY 4, 2021

With regard to the method and volume of advertising, the CFPB asserts that since December 2015 Nationwide has mailed hundreds of thousands of mortgage advertisements and distributed flyers to older homeowners and financial professionals whose clients were older homeowners in at least 36 states and the District of Columbia.

Taxes 78

Taxes District of Columbia Regulation Payments 78

CFPB Monitor

OCTOBER 12, 2022

Among other criticisms, the trade groups assert that the Bill would impose difficult, if not impossible, compliance burdens on lenders that will result in decreased credit access and higher cost loans. In May 2022, the CFPB issued a Circular regarding adverse action requirements in connection with credit decisions based on algorithms.).

Regulation 144

Regulation District of Columbia Policies Groups 144

CFPB Monitor

SEPTEMBER 13, 2018

On September 5, 2018 a group of 14 state Attorneys General and the AG for the District of Columbia sent a comment letter to CFPB Acting Director Mick Mulvaney, urging him to refrain from “reexamining the requirements” of the Equal Credit Opportunity Act (“ECOA”).

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

CFPB Monitor

MARCH 16, 2021

Under the leadership of Acting CFPB Director Dave Uejio, the Bureau issued an interpretive rule on March 9, 2021 clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (“ECOA”) and Regulation B includes sexual orientation and gender identity discrimination.

Regulation 78

Regulation District of Columbia Georgia Policies 78

PYMNTS

DECEMBER 11, 2019

But proponents of rolling back regulations like Transportation Secretary Elaine Chao noted that the higher standards make vehicles more expensive and thus were keeping older, less clean and less safe cars on the road longer because consumers and businesses can’t afford to replace them.

California 131

California District of Columbia Lending Taxes 131

CFPB Monitor

JANUARY 7, 2021

As noted in the proposal, the OCC’s statutes and regulations, enforceable guidelines, guidance, and enforcement authority provide robust and effective safeguards against predatory lending when a bank exercises its lending authority.

District of Columbia 78

District of Columbia North Carolina New York Policies 78

PYMNTS

SEPTEMBER 27, 2019

In fact, in the intervening 23 years, the situation has arguably gotten even more complex as 31 states (plus the District of Columbia) have legalized cannabis consumption for either legal or medical reasons. More complicated because the disconnect between state and federal regulation of the substance is growing wider by the year.

Taxes 151

Taxes Compliance District of Columbia Industry 151

Independent Banker

OCTOBER 1, 2022

Our compliance program, based on elevated risk, is very robust. However, the ambiguous legal landscape complicates compliance; 47 states, the District of Columbia and four U.S. Our compliance program, based on elevated risk, is very robust,” she notes. “We Digital path to compliance. Quick Stat.

Marketing 113

Marketing Compliance Community Community Bank 113

CFPB Monitor

MAY 3, 2021

Separately, eight attorneys general representing seven states and the District of Columbia have filed an action in federal district court in the Southern District of New York seeking to set aside the rule.

North Carolina 60

North Carolina Lending National District of Columbia 60

FICO

DECEMBER 19, 2018

Court Appeals for the District of Columbia vacated key parts of the Federal Communications Commission (FCC) 2015 TCPA Order , which had created much confusion and sparked increased litigation. I believe this will slip a few months but by June 2019 the proposed regulations will finally be available for public review and comment.

Policies 40

Policies District of Columbia Regulation California 40

FICO

JANUARY 4, 2018

The surprise election of Donald Trump led to a 180-degree course correction of the regulatory agenda that bankers and compliance professionals had grown accustomed to in the wake of the financial crisis. The post Banking Regulation Predictions 2018: U.S. Now, with much of the dramatic shift in the U.S.

Regulation 53

Regulation DC District of Columbia Taxes 53