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CFPB Charges Schools With “Abusive” Act of Denying Academic Transcripts to Students With Debts

USA - October 12 2022 The Consumer Financial Protection Bureau’s recent guidance regarding withholding transcripts from students with debts revealed that the CFPB is using…

Farnaz Farkish Thompson, Haley N. Usenick

Opportunity Financial’s Lawsuit Against California’s Financial-Services Regulator Signals Continued Fight Over “True Lender” Principles

USA - May 12 2022 Fintech lender Opportunity Financial (“OppFi”) and the Department of Financial Protection and Innovation (“DFPI”), California’s financial-services…

Kevin B. Frankel, Carolee Anne Hoover, Salwa S. Kamal, Molly M. White

CFPB’s New Interest in Examining Fintechs is Likely to Mean More Naming and Shaming by the Agency

USA - April 28 2022 On April 25, 2022, the Consumer Financial Protection Bureau (CFPB) announced that it will begin examining nonbank “covered persons” that it has…

Ayana Brown, Brandi G. Howard, Heryka R. Knoespel, Kristin Lee, Susan C. Rodriguez

Federal Framework for Digital Asset Regulation Comes into Focus

USA - March 15 2022 On March 9, 2022, President Biden signed an Executive Order on Ensuring Responsible Development of Digital Assets (“Executive Order”) to mobilize the…

John V. Ayanian, Brian Baltz, Laura Colombell Marshall, Susan C. Rodriguez, Addison Smith, Molly M. White