Texas court expands 1071 injunction to cover all banks
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.
Browsing: Legal
Judge grants win to ABA, Chamber in lawsuit over CFPB UDAAP exam manual
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.
Avoiding potential litigation issues and defending banks in an age of increased scrutiny
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.
ABA, TBA ask CFPB to delay 1071 compliance dates for all banks
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.
Federal judge delays Section 1071 compliance dates; temporary relief applies only to ABA, TBA members
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.
Podcast: The anatomy of a community bank ransomware attack
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 joins Texas lawsuit to block CFPB’s Section 1071 rule
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.
The anatomy of a ransomware attack
Inside one community bank’s cybersecurity nightmare scenario.
Texas Bankers Association sues to block Section 1071 rule
The Texas Bankers Association this week sued to block the CFPB from implementing its final rule under Section 1071 of the Dodd-Frank Act.
Navigating risks while taking action to manage overdraft/non-sufficient funds fees
Banks can take several steps to mitigate challenges surrounding overdraft/NSF fee lawsuits and enforcement actions.