On July 5, 2017, the U.S. District Court for the District Columbia, in the lawsuit filed in 2014 challenging “Operation Choke Point” — a federal enforcement initiative involving various agencies, including the Consumer...more
7/20/2017
/ Administrative Procedure Act ,
Banking Sector ,
Department of Justice (DOJ) ,
Due Process ,
FDIC ,
Federal Reserve ,
Financial Services Industry ,
OCC ,
Online Marketplace Lending ,
Operation Choke Point ,
Payday Loans ,
Proposed Legislation
On May 15, 2017, the Federal Reserve Office of Inspector General – which also oversees the CFPB – released a report finding deficiencies in the CFPB Office of Enforcement’s (Enforcement) processes for securing sensitive...more