Manatt Phelps & Phillips LLP | USA | 15 Sep 2020
On September 11, 2020, the California Department of Business Oversight (DBO) commenced a formal rulemaking to adopt regulations to implement SB 1235…
Manatt Phelps & Phillips LLP | USA | 4 Sep 2020
California is poised to enact broad new legislation creating an entirely revamped financial protection regimen, including a powerful new Department…
Manatt Phelps & Phillips LLP | USA | 1 Sep 2020
In a potentially critical new development, the Consumer Financial Protection Bureau (CFPB or Bureau) will now impose what it characterizes as…
Manatt Phelps & Phillips LLP | USA | 19 Jun 2020
On June 16, 2020, the Bureau of Consumer Financial Protection (CFPB) released a Compliance Aid in the form of ten FAQs (FAQs) on…
Manatt Phelps & Phillips LLP | USA | 3 Jun 2020
On May 29, 2020, the Office of the Comptroller of the Currency (OCC) issued its final rule affirming the “valid when made” doctrine for national…
Manatt Phelps & Phillips LLP | USA | 14 May 2020
As the profound impacts of COVID-19 become ever clearer, the Consumer Financial Protection Bureau (CFPB) continues its recent increase in activity in…
Manatt Phelps & Phillips LLP | USA | 30 Apr 2020
While predicting the enforcement priorities of the financial regulators has always been more of an art than a science, the current…
Manatt Phelps & Phillips LLP | USA | 21 Apr 2020
Relaxed Fair Credit Reporting Act (FCRA) credit reporting enforcement during COVID-19? Not so fast, say 23 state Attorneys General (AGs). As we…
Manatt Phelps & Phillips LLP | USA | 20 Apr 2020
Just when you thought that federal agencies were softening their stance on enforcement during the crisis, the Consumer Financial Protection Bureau…
Manatt Phelps & Phillips LLP | USA | 14 Apr 2020
With many banks and credit unions electing to limit Paycheck Protection Program (PPP) loans to existing customers, many nonbank lenders are…