ABA, plaintiffs ask court to quickly issue Illinois interchange fee decision on remand
ABA and other plaintiffs are asking a federal court to issue a decision by next week in a lawsuit seeking...
Legal
Consumer groups, vendors sue CFPB over changes to fair lending enforcement
A coalition of consumer groups and fair lending compliance firms has filed a lawsuit to prevent the CFPB from removing...
OCC: Court should reverse Illinois interchange fee decision
The OCC is urging a federal court to reverse its decision upholding Illinois restrictions on interchange fees in light of...
ABA, plaintiffs urge court to overturn Illinois interchange fee law
Recent actions by the OCC make clear that federal law preempts an Illinois law restricting interchange fees, so a federal...
Appeals court rules New York interest-on-escrow law preempted by federal law
A federal appeals court ruled that New York State’s interest-on-escrow law is preempted by the National Bank Act, with the...
OCC issues two interim final actions related to IFPA preemption
The OCC’s interim final order confirms that federal law preempts the IFPA, expressly providing that national banks and federal savings...
ABA: Illinois interchange law will ‘wreak havoc’ on payment systems
If enforcement of an Illinois law restricting interchange fees is not prevented before July 1, it will upend the debit-...
Full Tenth Circuit to examine decision in Colorado rate cap lawsuit
The full Tenth Circuit Court of Appeals has agreed to examine a three-judge panel ruling leaving in place a Colorado...
Trump administration seeks court permission to halve CFPB workforce
The Trump administration is asking a federal appeals court for permission to reduce the Consumer Financial Protection Bureau’s current workforce...
Vought requests more CFPB funding from Fed
CFPB Acting Director Russell Vought has requested $75.8 million from the Federal Reserve to fund the bureau through the end...
