Manatt Phelps & Phillips LLP | USA | 11 Mar 2016
Has the U.S. payment system improved? The process has certainly begun, the Federal Reserve System revealed in a report detailing the…
Manatt Phelps & Phillips LLP | USA | 11 Mar 2016
A $6.5 million civil money penalty imposed against a $1.57 billion Florida bank for persistent anti-money Laundering (AML) and Bank Secrecy…
Manatt Phelps & Phillips LLP | USA | 11 Mar 2016
On March 7, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it is now accepting complaints on consumer loans from online…
Manatt Phelps & Phillips LLP | USA | 29 Oct 2015
The Consumer Financial Protection Bureau (CFPB) has picked its next battle: a proposal to limit the terms of mandatory pre-dispute arbitration…
Manatt Phelps & Phillips LLP | USA | 29 Oct 2015
Reporting requirements for financial institutions under the Home Mortgage Disclosure Act (HMDA) regulations were finalized by the Consumer Financial…
Manatt Phelps & Phillips LLP | USA | 29 Oct 2015
The first state to enact data breach notification legislation, California has now updated Civil Code Section 1798.82 with three new bills signed into…
Manatt Phelps & Phillips LLP | USA | 30 Jul 2015
Raising the possibility of regulation, the Department of the Treasury has published a Request for Information (RFI) regarding online marketplace…
Manatt Phelps & Phillips LLP | USA | 30 Jul 2015
A new report from the Department of Justice's (DOJ) Office of Professional Responsibility (OPR) found that agency attorneys did not engage in…
Manatt Phelps & Phillips LLP | USA | 30 Jul 2015
In an effort to provide guidance to payment systems looking to reduce "pocket-to-pocket" payment times, the Consumer Financial Protection Bureau…
Manatt Phelps & Phillips LLP | USA | 30 Jul 2015
A new bill introduced in Congress would help legal marijuana businesses access much-needed financial services. Banks have struggled with the question…