House Passes Bill Preventing Future ‘Choke Point’ Efforts
Although the Justice Department has ended its controversial "Operation Choke Point" initiative, the House tonight overwhelmingly passed a bill that...
Legal
FinCEN Launches New Public-Private Information-Sharing Forum
The Financial Crimes Enforcement Network will formalize FinCEN Exchange, a new forum to facilitate public- and private-sector information sharing on...
Cordray Resignation Sets Up Conflict Over Who Leads CFPB on Interim Basis
Consumer Financial Protection Bureau Director Richard Cordray officially resigned on Friday and in so doing set up a legal conflict...
House Committee Passes ABA-Advocated Bills
During a markup yesterday and today, the House Financial Services Committee approved several regulatory relief bills advocated by ABA as...
GOP Lawmakers: HUD’s Disparate Impact Rule Inconsistent with Supreme Court Precedent
The Department of Housing and Urban Development’s rule implementing the Fair Housing Act discriminatory effects standard is inconsistent with current...
Deputy AG Cautions on Using Regulatory Guidance as Policy
In a speech to a banking industry conference today, Deputy Attorney General Rod Rosenstein cautioned regulatory agency heads from substituting...
Trump Makes Arbitration Rule Repeal Official
President Trump this afternoon signed the Congressional Review Act resolution invalidating the Consumer Financial Protection Bureau’s final rule that had...
Senate Votes to Overturn CFPB’s Arbitration Rule
The Senate tonight voted to overturn the Consumer Financial Protection Bureau’s controversial final rule on arbitration, exercising its authority under...
AML, Fraud, Cyber: A 360-Degree Approach to Financial Crimes
A conversation about emerging financial crimes trends with ABA’s Ryan Rasske.
Treasury: CFPB Arbitration Rule Will Impose Major Costs on Consumers
The Consumer Financial Protection Bureau’s rule virtually prohibiting mandatory arbitration for financial products will impose significant costs on consumers and...
