CFPB pauses planned workforce reduction
The CFPB has temporarily halted plans to shrink its current workforce by more than half until a new bureau director...
Legal
Supreme Court rejects effort to fire Fed’s Cook, allows firings at other independent agencies
The U.S. Supreme Court ruled that Fed Governor Lisa Cook can remain on the Fed board while a lawsuit challenging...
Court declines to consider request to cut CFPB workforce
A federal appeals court has rejected a Trump administration request for permission to trim the CFPB’s workforce by more than...
ABA, associations: Appeals court should uphold Fed’s Reg II interchange fee standard
A federal appeals court should uphold a district court ruling and reject a retailer lawsuit seeking to overturn how the...
NCUA adopts rule to assert federal preemption over state interchange laws
The NCUA is issuing an interim final rule to clarify the powers of federal credit unions to charge certain fees,...
Court rules federal law preempts Illinois interchange law
A federal court ruled that an Illinois law restricting the collection of interchange fees is preempted by federal law for...
Court vacates FinCEN residential real estate reporting rule
A federal court has vacated FinCEN’s new anti-money laundering reporting requirements for residential real estate transfers. As a result, reporting...
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...
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...
