ABA Regulatory Policy and Compliance Inbox: Account error resolution requirements
Discerning special exceptions under Regulation E and demographic information requirements under Regulation B.
Legal
Court vacates CFPB credit card late fee rule
A federal court vacated the CFPB’s rule on credit card late fees a day after ABA and other plaintiffs reached...
CFPB to vacate credit card late fee rule in deal with banks
The CFPB reached an agreement with ABA and other plaintiffs to settle a lawsuit over its rule on credit card...
CFPB to initiate new Section 1071 rulemaking
In a court filing, the CFPB said its leadership has directed staff to initiate new rulemaking to implement Section 1071...
CFPB vacates settlement against lender over alleged redlining
The CFPB announced it will vacate an existing settlement with the Chicago-based lender Townstone Financial over alleged redlining.
Banking regulators to rescind 2023 Community Reinvestment Act rule
Banking regulators announced they intend to rescind the 2023 Community Reinvestment Act final rule “in light of pending litigation.” They...
SEC ends court defense of climate disclosure rules
The SEC voted to end its defense to several court challenges of its climate disclosure rule. The Biden-era rule requires...
ABA, others seek court ruling in Illinois interchange fees lawsuit
ABA joined other plaintiffs in filing a motion for summary judgment in a lawsuit challenging an Illinois law restricting interchange...
Federal court pauses CFPB, FDIC, Treasury firings
A federal court in Maryland issued a temporary restraining order preventing the Trump administration from firing probationary employees at 16...
Judge grants CFPB’s request for more time to resolve late fees case
Federal judge Mark Pittman today granted the Consumer Financial Protection Bureau a 30-day pause in the challenge brought by ABA...
