CFPB Pledges More Transparency in Civil Investigative Demands
The Consumer Financial Protection Bureau today announced that it will change its policy on civil investigative demands to improve transparency.
Browsing: Legal
Countering Corruption
What bank leaders need to know about Foreign Corrupt Practices Act compliance.
FDIC Warns on ‘Gaps’ in Tech Vendor Contracts
The FDIC issued a letter to all banks today outlining gaps that some examiners had noted in banks’ contracts with technology vendors and reiterating regulatory requirements for these contracts.
Supreme Court: Foreclosure Firms Not Considered Debt Collectors Under FDCPA
The Supreme Court today ruled unanimously in the case of Obduskey v. McCarthy & Holthus LLP that a business engaged only in nonjudicial foreclosure proceedings is not a “debt collector” under the Fair Debt Collection Practices Act.
‘Hotel California’ Captures National Banks
It appears as if the preemption national banks relied on since the early years of the Civil War is being diluted or, at the very least, significantly curtailed.
Financial Trade Groups Ask Supreme Court for Stable, Uniform TCPA Rules
The American Bankers Association, along with the Consumer Bankers Association and the Independent Community Bankers of America, filed a friend-of-the court brief on Thursday asking the Supreme Court to provide stability and uniformity to the Federal Communications Commission’s rules interpreting the Telephone Consumer Protection Act. The
Cryptocurrency Conundrum: Regulators Grapple with Digital Currencies
Recent enforcement actions and court decisions are starting to untangle the complexities around crypto.
Otting Hopes for Resolution of Marijuana Banking Conflicts by 2020
Comptroller of the Currency Joseph Otting said today that he hopes that the current conflict between state and federal laws that inhibits banks from serving cannabis-related businesses will be resolved by 2020.
Trades Oppose ALI’s Restatement of Law, Consumer Contracts
The American Bankers Association yesterday joined with twelve other trade organizations to express strong concern about the American Law Institute’s pending draft Restatement of Law for consumer contracts.
Podcast: How to Make Telework Work in a Bank
In this episode, employment law attorney Steve Greene and ABA senior counsel Jonathan Thessin discuss operational and compliance considerations that banks may want to consider before offering or expanding telework options.