Cook files lawsuit to overturn attempted removal from Fed board
Federal Reserve Governor Lisa Cook filed a lawsuit against President Trump for his attempt to remove her from the Fed...
Legal
Federal court strikes down Reg II interchange fee standard
A federal court invalidated Regulation II’s standard for setting debit interchange fees but temporarily stayed its action pending an anticipated...
Court grants extension of pause in stress test lawsuit
A federal court granted a request by the Federal Reserve and a coalition of bank and business associations to extend...
Court pauses lawsuit over Section 1033 data sharing rule
A federal court granted a stay in a lawsuit challenging the CFPB’s financial data sharing rule after the bureau requested...
Federal court reinstates fired NCUA board members
A federal court ruled that the firings of two former National Credit Union Administration board members by President Trump were...
Court vacates CFPB medical debt rule
A federal court in Texas vacated the CFPB’s medical debt reporting rule after the bureau’s current leadership joined with plaintiffs...
ABA, associations urge CFPB to rescind changes to adjudication process
ABA joined three associations in voicing support for a CFPB proposal to rescind a set of changes to the bureau’s...
OCC’s Hood affirms support for federal preemption
Acting Comptroller of the Currency Rodney Hood strongly affirmed the OCC’s continued support for federal preemption of state laws for...
CFPB asks court to vacate Section 1033 data sharing rule
The CFPB has asked a federal court to vacate its rule on financial data sharing, citing the rule’s “numerous legal...
Illinois lawmakers vote to delay implementation date for state interchange fee law
The Illinois General Assembly approved legislation extending by a year the effective date of a first-of-its-kind state law restricting interchange...
