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Fintechs and Non-banks Beware: CFPB to Utilize “Dormant Authority” to Examine Fintechs and Other Non-bank Financial Services Companies

USA - April 26 2022 On Monday, the CFPB issued a press release announcing that it will start using its authority to examine non-bank financial services institutions that…

Beryl Newchurch Billings, Christopher K. Friedman, Shelby D. Lomax, Alex McFall, Andrew J. Narod

New Mexico Governor Signs Bill to Impose 36% Rate Cap and Tough Anti-Evasion Provisions

USA - March 10 2022 Beginning next year, New Mexico will join a handful of other states (including, among others, California, Illinois, and Colorado) setting stringent…

Christopher K. Friedman

Servicers That Fail to Prepare, Prepare to Fail, Warns NY AG

USA - December 20 2021 In a December 13, 2021 letter to servicers, New York Attorney General Letitia James reminded servicers of their continuing obligations to assist New…

Christy W. Hancock