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K&L Gates LLP | USA | 5 Jun 2023
CFPB Raises Alarms Without Providing All the Facts
The Consumer Financial Protection Bureau’s (CFPB) recent Consumer Alert was certainly well intentioned. Many consumers (including the authors) who…
Fried Frank Harris Shriver & Jacobson LLP | USA | 2 Jun 2023
CFPB Highlights Risks for Consumers Storing Funds on Nonbank Payment Platforms
In an analysis of deposit insurance coverage on funds stored through payment apps, the CFPB Office of Competition and Innovation and Office of…
Squire Patton Boggs | USA | 2 Jun 2023
U.S. Executive Branch Update - June 2, 2023
This report provides a snapshot of the U.S. Executive Branch priorities via daily schedules and the prior day’s press releases. POTUS’ Schedule* 1:45…
Davis Wright Tremaine LLP | USA | 1 Jun 2023
White House Announcement Explores Measures to Regulate AI as Component of a National AI Strategy
On May 23, the Biden Administration announced several new initiatives to support the development of a National Artificial Intelligence (AI) Strategy…
Paul Hastings LLP | USA | 1 Jun 2023
Daily Financial Regulation Update -- Thursday, June 1, 2023
The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Countering China: Advancing U.S. National Security…
Troutman Pepper | USA | 1 Jun 2023
April Report Reveals Substantial Decrease in Consumer Litigation Filings
According to a recent report by WebRecon, the month of April saw a significant reduction from the previous month in filings under the Fair Credit…
Skadden Arps Slate Meagher & Flom LLP | USA | 31 May 2023
Inside the Courts - An Update From Skadden Securities Litigators
Before the end of June, the U.S. Supreme Court is expected to issue a decision in a high-profile securities case that could have broad implications…
Troutman Pepper | Global, USA | 31 May 2023
Troutman Pepper Weekly Consumer Financial Services Newsletter
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the…
Fried Frank Harris Shriver & Jacobson LLP | USA | 31 May 2023
Personal Loan Installment Lender Penalized $20 Million for Deceptive Sales Practices
In a Consent Order, the CFPB ordered a personal loan installment lender to pay $20 million in penalties for deceptive and abusive sales practices in…
K&L Gates LLP | USA | 31 May 2023
EEOC Issues Nonbinding Guidance on Permissible Employer Use of Artificial Intelligence to Avoid Adverse Impact Liability Under Title VII
On 18 May 2023, the US Equal Employment Opportunity Commission (EEOC) issued nonbinding guidance on how existing federal anti-discrimination law may…
