Speaking at the Clearing House’s annual conference, Comptroller of the Currency Jonathan Gould assured industry leaders that the agency remains steadfast in defending federal preemption under the National Bank Act....more
11/14/2025
/ Amicus Briefs ,
Appeals ,
Banks ,
Cantero v Bank of America NA ,
Dodd-Frank ,
Escrow Accounts ,
Federal Bank Regulatory Agencies ,
Federal v State Law Application ,
Flagstar Bank NA v Kivett ,
Interest Rates ,
Mortgages ,
National Bank Act ,
National Bank Charters ,
OCC ,
Preemption ,
Regulatory Authority ,
Statutory Interpretation
In its 2024 decision Cantero v. Bank v. America, N.A., the Supreme Court established the approach courts must follow in determining whether a state consumer financial law prevents or significantly interferes with the exercise...more
10/14/2025
/ Appeals ,
Banking Sector ,
Banks ,
Cantero v Bank of America NA ,
Class Action ,
Consumer Protection Laws ,
Dodd-Frank ,
Escrow Agreements ,
Mortgages ,
National Bank Act ,
National Bank Charters ,
OCC ,
Preemption ,
SCOTUS ,
Statutory Interpretation
On July 29, 2025, Sens. Ruben Gallego (D-AZ) and Jim Justice (R-WV) introduced the Keep Call Centers in America Act of 2025. The act targets the offshoring of call center operations, imposes new disclosure rules for customer...more
8/13/2025
/ Artificial Intelligence ,
Call Centers ,
Department of Labor (DOL) ,
Disclosure Requirements ,
Federal Contractors ,
Federal Funding ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
New Legislation ,
Outsourcing ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
Technology ,
Vendors
In recent days, Federal Housing Finance Agency (FHFA) Director Bill Pulte has made it clear that he believes fraud is a rampant problem at FHFA. In a stream of related activities, Pulte has called on the public to report...more
4/21/2025
/ Borrowers ,
Employees ,
Enforcement Actions ,
Fannie Mae ,
FHFA ,
Fraud ,
Freddie Mac ,
Government Agencies ,
Lenders ,
Mortgages ,
Regulatory Oversight ,
Reporting Requirements ,
Repurchases
On April 3, 2025, the U.S. Department of Veterans Affairs (VA) announced it will end the Veterans Affairs Servicing Purchase (VASP) program on May 1, 2025. This decision comes just shy of one year since the program’s...more
4/8/2025
/ Affordable Housing ,
Coronavirus/COVID-19 ,
Department of Veterans Affairs ,
Financial Services Industry ,
Foreclosure ,
Housing Market ,
Loans ,
Loss Mitigation ,
Mortgages ,
Regulatory Reform ,
Veterans
On December 12, 2024, the Consumer Financial Protection Bureau (CFPB) announced its final rule, redefining overdraft fees as finance charges in order to limit overdraft fees. The final rule seeks to regulate how overdraft...more