A federal judge today ruled that the Consumer Financial Protection Bureau’s structure — a single powerful director who cannot be removed at will by the president — is unconstitutional.
Just months after receiving a legal rebuke for its efforts to loosen field-of-membership limitations on federal credit unions, the National Credit Union Administration today issued a final rule that makes it easier for credit unions to evade these limits.
In a move long sought by ABA, the Department of Housing and Urban Development is formally seeking public comment on whether its rule implementing the Fair Housing Act’s discriminatory effects standard is consistent with the Supreme Court decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project.
Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced today that the bureau will drop its case against mortgage lender PHH Corp.
The American Bankers Association today filed a cross-appeal in its legal challenge to the National Credit Union Administration’s field of membership rule, which further expanded the already loose fields of membership from which federal credit unions can draw their customers.
The Consumer Financial Protection Bureau has to date over-emphasized enforcement activities as part of its regulatory toolbox, ABA said in a comment letter to the bureau today.
In a move long sought by ABA, the Department of Housing and Urban Development signaled today that it will seek public comment on whether its rule implementing the Fair Housing Act discriminatory effects standard is consistent with the Supreme Court decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project.
Courts attempting to apply Spokeo v. Robins have done so in a confusing and inconsistent manner.
Deputy Attorney General Rod Rosenstein today announced a new Justice Department policy that encourages DOJ units and other law enforcement agencies to coordinate when imposing multiple penalties for the same conduct.
In a comment letter to the Consumer Financial Protection Bureau yesterday — the second of 12 the association will submit as part of the bureau’s ongoing feedback initiative — the American Bankers Association raised concerns about the bureau’s use of administrative adjudications and offered several recommendations for amending the its rules of practice for administrative proceedings.