ABA, U.S. Chamber sue CFPB over regulation restricting credit card late fees
ABA joined the U.S. Chamber of Commerce and four business groups in filing a lawsuit in federal court challenging the CFPB’s new rule limiting credit card late fees.
ABA joined the U.S. Chamber of Commerce and four business groups in filing a lawsuit in federal court challenging the CFPB’s new rule limiting credit card late fees.
FinCEN announced it would pause collecting beneficial ownership information from certain individuals and businesses in response to a court ruling.
What are the best ways to successfully bring loans with devalued collateral back into compliance with reasonable risk profiles while maintaining good borrower relationships?
A Texas court expanded a preliminary injunction on enforcement of the CFPB’s Section 1071 small business data collection rule to include all financial institutions covered by the rule.
A federal judge in Texas today granted summary judgment to ABA, the Texas Bankers Association, the U.S. Chamber of Commerce and several other co-plaintiffs in their challenge to the CFPB’s UDAAP exam manual, in which the bureau unlawfully expanded the statutory definition of “unfairness” to encompass discrimination.
The most common theme to banking disputes and litigation, in both the commercial and consumer context, is that the parties often fail to adequately communicate with each other.
In the wake of a judge’s order delaying compliance dates with the CFPB’s Section 1071 final rule for Texas Bankers Association and ABA members, TBA and ABA today asked CFPB Director Rohit Chopra to use his discretion to apply the stay to all FDIC-insured banks.
A federal judge in Texas today issued an order blocking enforcement of the Consumer Financial Protection Bureau’s Section 1071 final rule while the Supreme Court hears a challenge to the constitutionality of the CFPB’s funding structure.
The cover story of the latest issue of the ABA Banking Journal features an unprecedentedly transparent look into what happens inside a financial institution during and after a ransomware attack.
ABA President and CEO Rob Nichols announced today that ABA has joined a lawsuit filed by the Texas Bankers Association and McAllen, Texas-based Rio Bank challenging the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act.