One of the primary challenges with working in the U.S. financial services space is keeping up with the ever-changing federal and state regulatory landscape. Juggling the day-to-day fire drills while staying atop of regulatory...more
1/13/2025
/ Anti-Discrimination Policies ,
California ,
Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Reports ,
Data Collection ,
Data Privacy ,
Debt Collection ,
Fair Credit Reporting Act (FCRA) ,
FDIC ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
Medical Debt ,
Payday Loans ,
Regulatory Agenda ,
Regulatory Requirements ,
Small Business ,
TCPA
Last week, the Federal Deposit Insurance Corporation (FDIC) published Frequently Asked Questions on the final rule governing FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured...more
The financial services industry has (finally) received some good news. Last week, a federal court granted a preliminary injunction to stop Colorado from enforcing interest and certain fee limitations under the Colorado...more
6/25/2024
/ Banks ,
Borrowers ,
Colorado ,
DIDMCA ,
FDIC ,
Financial Services Industry ,
Interest Rates ,
Loans ,
Opt-Outs ,
Out-of-State Companies ,
Preliminary Injunctions ,
Trade Associations
Similar to the Consumer Financial Protection Bureau’s Supervisory Highlights, the Federal Deposit Insurance Corporation (FDIC)’s Consumer Compliance Supervisory Highlights should be on your reading list. While the FDIC has...more
4/23/2024
/ Anti-Discrimination Policies ,
Compliance ,
Consent Order ,
Credit Builder Loans ,
Deposit Insurance ,
Fair Lending ,
FDIC ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
FinTech ,
Flood Disaster Protection Act ,
Mortgage Brokers ,
Truth in Lending Act (TILA) ,
Truth in Savings Act
In December 2023, the Federal Deposit Insurance Corporation (FDIC) finalized amendments to its rules on official FDIC signage, bank advertisements, deposit insurance misrepresentations, and the misuse of the FDIC’s name or...more
1/17/2024
/ Advertising ,
Banks ,
Cease and Desist Orders ,
Cryptocurrency ,
Deposit Insurance ,
FDIC ,
Financial Institutions ,
Misrepresentation ,
Non-Depository Institutions ,
Online Banking ,
Policies and Procedures
On February 15th, the Federal Deposit Insurance Corporation (FDIC) issued another round of cease-and-desist letters demanding that companies stop making false and misleading statements regarding deposit insurance coverage....more
On March 7, 2022, a fintech filed a lawsuit in California state court asking the court to declare that an interest rate limit under the California Financing Law (CFL) does not apply to the short-term consumer loans made by an...more
On February 8, 2022, a federal district court in California issued separate orders concluding that the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) did not violate the...more