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CFPB Amends Prepaid Accounts Rule and Delays its Effective Date

USA - January 29 2018 On January 25, 2018, the Consumer Financial Protection Bureau (CFPB or "Bureau") finalized amendments ("2018 Amendments") to its final Prepaid...

Obrea O. Poindexter, Amanda J. Mollo.

CFPB Releases the 2017 CARD Act Report: Early Takeaways from the New CFPB's First Report on the Consumer Credit Card Market

USA - December 28 2017 Yesterday, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") released its biennial report on the consumer credit card market ("2017...

Oliver I. Ireland, Obrea O. Poindexter, Jennifer S. Talbert.

Faster Payments Task Force Sets Goals and Recommendations for Faster Payments by 2020

USA - July 25 2017 On July 21, 2017 the Federal Reserve's Faster Payments Task Force ("Task Force") released the Faster Payments Task Force Final Report Part Two ("Final...

Calvin D. Funk, Obrea O. Poindexter.

Acting Comptroller Endorses Fintech Charters

USA - July 20 2017 In July 19, 2017 remarks prepared for delivery to the Exchequer Club in Washington, D.C., Acting Comptroller of the Currency Keith Noreika expressed...

Obrea O. Poindexter.

Financial Services Report - Summer 2017

USA - June 20 2017 It’s been a blockbuster few months for financial services as well: not one, but two Supreme Court rulings, with the Supreme Court finding in one case...

Sarah Nicole Davis, Natalie A. Fleming Nolen, Trevor R. Salter, Crystal Kaldjob, Nancy R. Thomas, Angela E. Kleine, Nathan Taylor, Jessica Kaufman, Adam J. Fleisher.