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Covington & Burling LLP | USA | 12 Apr 2019

OMB Memorandum Paves the Way for Increased Congressional Oversight of Regulatory Agencies

On April 11, 2019, Acting Director of the Office of Management and Budget (the “OMB”) Russell T. Vought sent a memorandum to executive department and


Manatt Phelps & Phillips LLP | USA | 14 Feb 2019

Auto Dealer Collides With $3M Penalty for Alleged Deception

Think again before you simplify your message to sell more cars. A $3 million fine levied in a case from the New York Department of Consumer Affairs


Mayer Brown | USA | 12 Nov 2018

Ball of Confusion (That’s What the World (of Leveraged Lending and Other Supervisory Guidance) Is Today)

With apologies to the Temptations, the title to their classic song seems to apply to the current state of leveraged lending and other supervisory


Paul Hastings LLP | USA | 11 Oct 2018

This Week in Washington for October 8, 2018

The U.S., Canada and Mexico struck a deal on a new trade agreement to supplant NAFTA. The new agreement, dubbed the United States-Mexico-Canada


Manatt Phelps & Phillips LLP | USA | 27 Sep 2018

Federal Banking Regulators Join Forces on Supervisory Guidance

All five federal banking regulators recently issued an interagency statement, explaining the role of supervisory guidance and describing the agencies’


Winston & Strawn LLP | USA | 24 Sep 2018

Financial Services Update, Vol. 13, Issue 35

On September 11, 2018, the federal prudential banking agencies (Board of Governors of the Federal Reserve System, Federal Deposit Insurance


K&L Gates | USA | 14 Jun 2018

CFPB left with rulemaking to modify or delay payday rule

On Tuesday, June 12, 2018, a Texas federal judge denied a joint request from the Consumer Financial Protection Bureau (“CFPB”) and two payday-lending


Dechert LLP | USA | 6 Jun 2018

Congress Applies the Congressional Review Act in a New Way - Voiding CFPB Bulletin on Indirect Auto Lending

President Trump on May 21, 2018 signed a Joint Resolution passed by Congress that disapproved the Consumer Financial Protection Bureau’s March 21


Hudson Cook LLP | USA | 5 Jun 2018

Congress Kills Bureau Anti-Discrimination "Guidance" - Now What?

Jean Noonan On May 21, the Bureau of Consumer Financial Protection issued a statement in the wake of President Trump's signing into law a bipartisan


Jenner & Block LLP | USA | 30 May 2018

Congress Upends CFPB’s Indirect Auto Lending Guidance, Spares Payday Lending Rule

On May 21, 2018, President Trump signed into law a resolution disapproving the Consumer Financial Protection Bureau’s (“CFPB”) guidance on Indirect

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