News & Analysis as of

Information Sharing Consumer Financial Protection Bureau (CFPB)

K&L Gates LLP

Overview of the CFPB's Proposed Open Banking Rule and Final Industry Standard Setting Rule

K&L Gates LLP on

The financial services and banking industry landscape continues to evolve in the face of new and emerging technologies. This phenomenon is especially prevalent in the sharing of consumer data between financial institutions...more

Jackson Lewis P.C.

Top Five Labor Law Developments for March 2023

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The National Labor Relations Board will release its new joint-employer rule in August. In September 2022, the Board issued its proposed rule for determining joint-employer status under the National Labor Relations Act under...more

Faegre Drinker Biddle & Reath LLP

NLRB New Information Sharing Agreement Takes Aim at Employer Surveillance

On March 7, 2023, the National Labor Relations Board (NLRB) announced a new information sharing agreement with the Consumer Financial Protection Bureau (CFPB). The agencies executed a memorandum of understanding that will...more

Sheppard Mullin Richter & Hampton LLP

CFPB and NLRB Enter Information Sharing Agreement

On March 7, the CFPB and the NLRB announced that they entered into an information sharing agreement to better protect consumers and address practices that harm workers in specific labor markets. The agreement further supports...more

Goodwin

FDIC Finalizes Brokered Deposits and ILC Rules Ahead of the Holidays

Goodwin on

In this Issue. The Federal Deposit Insurance Corporation (FDIC) was busy this week, finalizing rules that modernize brokered deposits regulations, establish new standards for parent companies of industrial loan companies and...more

Hudson Cook, LLP

Are you repossessing responsibly?

Hudson Cook, LLP on

Motor vehicle financing can be full of compliance minefields. Defaults and repossessions provide more than their fair share of potential mines. However, there are some steps you can take to try to avoid some key issues that...more

Ballard Spahr LLP

Financial Stability Oversight Council identifies cybersecurity as primary area of risk for the banking industry

Ballard Spahr LLP on

On December 14, the Financial Stability Oversight Council (FSOC), which was established by the Dodd-Frank Act to analyze and mitigate potential threats to the financial sector, released its first report under the Trump...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

The Peltz/P&G drama continues, with the company suggesting that Trian has lost its bid for a Board seat and the fund arguing that it disagrees with the company’s counting of the ballots....more

Ballard Spahr LLP

ED Rebukes CFPB “Abuse” with Termination of MOUs, Announces Expansion of Internal Oversight

Ballard Spahr LLP on

The Department of Education (ED) recently delivered a letter to the Consumer Financial Protection Bureau (CFPB) providing notice of its intent to terminate the Memoranda of Understanding (MOUs) between the agencies. The...more

Morrison & Foerster LLP

Financial Services Report, Fall 2015

BELTWAY - Straight Out of the Seventh Circuit The Seventh Circuit recently affirmed a lower court’s ruling that the SEC cannot be sued in district court to stop it from bringing an administrative action. Bebo v. SEC, No....more

Ballard Spahr LLP

CFPB’s Ombudsman’s Office issues third annual report

Ballard Spahr LLP on

Last week, the CFPB’s Ombudsman’s Office issued its third annual report covering the Office’s activities during fiscal year 2014 (October 1, 2013 through September 30, 2014). The role of the Ombudsman’s Office is to assist in...more

Mintz - Privacy & Cybersecurity Viewpoints

Banks Encouraged to Share Information Related to Elder Abuse

One of the most common forms of elder abuse is financial exploitation. Older adults often have valuable assets and vulnerabilities, such as mental or physical disabilities, that make them prime targets by both strangers and...more

Ballard Spahr LLP

Mortgage Banking Update - February 21, 2013

Ballard Spahr LLP on

In This Issue: - MERS Has Power To Assign Interest in Deed of Trust, Borrower Can Challenge Assignment of Mortgage, First Circuit Rules - Federal Judge Refuses To Dismiss Arizona Mortgage Class Action Alleging...more

Ballard Spahr LLP

CFPB plans for sharing information with state AGs unchanged in final disclosure rule

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In its final rule on Disclosure of Records and Information published last week, the CFPB gave no ground on its position that it has discretionary authority to share confidential information with state attorneys general. This...more

Ballard Spahr LLP

CFPB announces partnership with Navajo Nation

Ballard Spahr LLP on

Having previously announced partnerships with the Cities of Chicago and Newark, the CFPB has now announced its first partnership with a tribal government — the Navajo Nation. A Memorandum of Understanding between the CFPB and...more

Ballard Spahr LLP

CFPB to partner with Newark, NJ

Ballard Spahr LLP on

The CFPB has announced a pilot-program in which it will partner with Newark, New Jersey to allow Newark consumers to use a local 4311 hotline to reach the CFPB with questions and complaints about financial products and...more

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