Full Circuit Court to Hear Appeal of CFPB Structure Case

The full D.C. Circuit Court of Appeals today agreed to hear the appeal in PHH Mortgage v. Consumer Financial Protection Bureau, a closely watched case over whether the CFPB’s leadership structure -- a single powerful director who cannot be removed at will by the president -- is constitutional.

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FDIC Watchdog Highlights Gaps in Banks’ Vendor Contracts

Few banks’ contracts with technology service providers (TSPs) provide sufficient detail about the providers’ business continuity and incident response capabilities and duties, according to a report issued today by the FDIC’s independent inspector general.

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