CFPB issues legal warning about credit card rewards, releases comparison-shopping tool
The CFPB issued a legal warning about credit card rewards, published a new study on retail credit cards and unveiled...
Legal
ABA, associations file lawsuit challenging CFPB cap on overdraft fees
ABA joined associations representing bankers and credit unions in filing a lawsuit challenging the CFPB's effective cap on overdraft fees.
Texas court denies CFPB request to transfer credit card late fee lawsuit to D.C.
A federal judge in Texas refused a CFPB request to lift a preliminary injunction blocking the bureau’s credit card late...
Court clarifies compliance date for small dollar lending rule
The Fifth Circuit Court of Appeals, which has been hearing the legal challenge against the CFPB’s small dollar lending rule,...
Federal court blocks enforcement of beneficial ownership reporting rule
Less than a month before a Jan. 1 deadline for businesses to report their beneficial owners to the Financial Crimes...
Federal court invalidates DOL overtime rule
Rule would have significantly increased the salary level below which an employee is automatically subject to the Fair Labor Standards...
Navigating fair lending risks in bank M&A transactions
Careful consideration of the fair lending risk profiles of the acquiring bank, target bank and combined entity can help both...
BPI, Kentucky Bankers Association sue CFPB over 1033 rule
The Bank Policy Institute and the Kentucky Bankers Association filed a lawsuit challenging the CFPB's final rule implementing Section 1033...
Former OCC heads warn that state rules for national banks are ‘a troubling threat’
Attempts by states such as Illinois and Florida to force nationally chartered banks to comply with state rules “fly in...
Banking groups file motion to intervene in retailer lawsuit over debit interchange fees
Two industry groups filed a motion to intervene in a retailer lawsuit seeking to invalidate Regulation II’s standard for setting...
