The CFPB has proposed several amendments to its remittance rule. Comments on the proposal must be filed no later than January 21, 2020. The proposed amendments are...more
12/9/2019
/ Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Cross-Border Transactions ,
Financial Institutions ,
Financial Regulatory Reform ,
Proposed Amendments ,
Regulatory Agenda ,
Remittance Transfer Rule ,
Rulemaking Process ,
Safe Harbors ,
Threshold Requirements
The federal body tasked with creating standards for the uniform regulation of financial institutions has released new information to assist examiners in evaluating mobile services offered by financial institutions and their...more
As we wrote last week, the CFPB recently published a Fall 2015 Supervisory Highlights which included a summary of changes that have been made to the CFPB’s supervisory appeals process. The original supervisory appeal process...more
A New York state law that prohibits merchants from imposing a surcharge on credit card purchases does not violate the First Amendment or the Due Process Clause, the U.S. Court of Appeals for the Second Circuit recently ruled....more
10/16/2015
/ Appeals ,
Credit Card Surcharges ,
Credit Cards ,
Debit and Credit Card Transactions ,
Due Process ,
Financial Institutions ,
First Amendment ,
Fourteenth Amendment ,
Free Speech ,
Merchants ,
Payment Systems ,
Retail Market ,
Retailers
On Wednesday, July 15, CFPB Director Richard Cordray appeared before the Senate Committee on Banking, Housing, & Urban Affairs to answer questions regarding the Bureau’s Semi-Annual Report to Congress and the President, which...more
7/17/2015
/ American Bankers Association ,
Arbitration ,
Banking Sector ,
Banks ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Department of Defense (DOD) ,
Dodd-Frank ,
Enforcement Actions ,
Financial Institutions ,
Military Lending Act ,
Payday Loans ,
Restitution ,
Richard Cordray ,
TILA-RESPA Integrated Disclosure Rule (TRID)
In its Winter 2015 Supervisory Highlights, which covers supervision work generally completed between July and December 2014, the CFPB highlights legal violations resolved using non-public supervisory actions involving debt...more