The legal battle simmering in New York is the latest iteration of the pushmi-pullyu battle of wills in the dual banking system.
President Trump yesterday issued an executive order formalizing the administration’s position that guidance documents issued by federal regulatory agencies are not legally binding, and that any legally binding requirements must be issued through regulation.
ABA today filed a petition for the full D.C. Circuit Court of Appeals to review its decision in the association’s challenge of the National Credit Union Administration’s 2016 field of membership rule.
The Consumer Financial Protection Bureau will not defend the constitutionality of its leadership structure—with a single powerful director who can be removed by the president only “for cause,” not at will—according to letters sent by CFPB Director Kathy Kraninger.
The full Fifth Circuit Court of Appeals on Friday found that the so-called net worth sweep—in which the Federal Housing Finance Agency directs Fannie Mae and Freddie Mac’s profits to the U.S. Treasury—exceeds FHFA’s statutory authority as the GSEs’ conservator.
ABA joined several trade groups in filing a friend-of-the-court brief urging a federal appellate court to reverse a lower court’s order that the U.S. Equal Employment Opportunity Commission collect voluminous EEO-1 data on employees’ pay and hours worked (known as “Component 2 Data”).
A three-judge panel of the D.C. Circuit Court of Appeals today upheld much of the National Credit Union Administration’s 2016 field of membership rule, which further expanded the already loose fields from which federal credit unions can draw their customers.
In a unanimous decision, the New Hampshire Supreme Court today upheld a lower court ruling that dismissed defamation claims brought by a patent assertion entity against ABA and other defendants who labeled the company and its operator a “patent troll.”
Analyzing the Gramm-Leach-Bliley exception in California’s new privacy law—and its implications for banks.
Just prior to going into recess for August, the Senate on Thursday passed an ABA-opposed bill that would significantly raise the current debt limit for Chapter 12 bankruptcy filings.