On December 30, 2015, the U. S. District Court for the Central District of California denied a motion for judgment on the pleadings filed by CashCall
On May 22, 2015, the Consumer Financial Protection Bureau (CFPB) issued its statutorily mandated semi annual rulemaking agenda. This agenda contains
On March 12, 2015, the Consumer Financial Protection Bureau ("CFPB") issued a Final Policy Statement on how it plans to publicly disclose consumer
On March 19, 2015, Federal Reserve Governor Daniel Tarullo testified before the U. S. Senate Committee on Banking, Housing, and Urban Affairs at a
On December 18, 2014, the Financial Stability Oversight Council ("FSOC"), over the dissents of both its only voting member with expertise regarding
It seems that it is quite rare to be able to report an absolutely positive financial services regulatory development, but we can do so this week
On October 21, the federal bank regulatory agencies, SEC, FHFA, and HUD issued a joint final rule implementing the risk retention provisions of the
The Dodd-Frank Act, a more than 2,300 page comprehensive financial regulatory reform law that the President signed into law last July, contains a number of little known and scantily discussed provisions such as Section 1073 that provides for federal regulation of "remittance transfers," essentially consumer-initiated electronic transfers of funds to persons in foreign countries.
As financial firms gain experience with the Dodd-Frank Act, the 2,319-page comprehensive financial regulatory reform legislation signed by the president last July, not only are unheralded provisions coming to light, but also subtle indirect consequences of known provisions are also coming to light.
On June 29, 2010, a Congressional Conference Committee released the final version of the financial reform legislation now known as the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Act").