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California Mini-CFPB Returns - Heads to Governor's Desk

USA - September 4 2020 California's Mini-CFPB initiative roared back to life when, as part of its 2020-21 budget, the California State Senate approved a plan to establish a...

R. Andrew Arculin, Gerald S. (Gerry) Sachs, C.K. Kevin Park, Makalia A. Griffith, Jonathan L. Pompan, Peter S. Frechette.

Charter Fight Flares Up Again Amid OCC's Push for Payments Companies

USA - September 2 2020 The Conference of State Bank Supervisors (CSBS) issued a terse, three-sentence warning for the OCC to back off its plan to offer a payments charter...

Evan R. Minsberg, Gerald S. (Gerry) Sachs, Matthew Bornfreund, Laura R. Biddle, Andrew E. Bigart.

Sprinting Toward Innovation: CFPB Continues to Introduce Programs to Facilitate Innovation

USA - August 28 2020 With the upcoming Tech Sprint and the recent joint virtual Innovation Office Hours, the Consumer Financial Protection Bureau (CFPB or Bureau)...

R. Andrew Arculin, Gerald S. (Gerry) Sachs, C.K. Kevin Park, Peter S. Frechette.

The CFPB's Mid-year Update Emphasizes Addressing Complaints from Small Businesses

USA - August 28 2020 The Consumer Financial Protection Bureau (CFPB) has issued its Ombudsman's Office Mid-year Update of the agency's activities for the first six months...

Gerald S. (Gerry) Sachs, C.K. Kevin Park.

SBA Issues New Rule Establishing Procedures for Appealing Decisions on PPP Loan Eligibility and Forgiveness

USA - August 14 2020 On Wednesday, August 12, 2020, the SBA issued a new Interim Final Rule (here), establishing the process by which borrowers may appeal decisions...

Michael Marusak, Erin Zacuto Cass, Sameer P. Sheikh, Makalia A. Griffith, Andrew E. Bigart, Edward P. Boyle.