The Consumer Financial Protection Bureau will likely issue a rule to define what kinds of practices it considers “abusive” under the Dodd-Frank Act, providing greater clarity to the controversial UDAAP standard created by the statute, Acting Director Mick Mulvaney said today.
This week, ABA’s legal team provides a preview of key cases in the Supreme Court’s 2018-19 term and their significance for banks.
Banks should not expect relief from the courts when faced with losses caused by retailer negligence.
For an industry caught between state and federal law, a change can’t come soon enough.
In promulgating its rule implementing the Fair Housing Act’s discriminatory effects standard, the Department of Housing and Urban Development erred in ignoring Supreme Court precedent on determining disparate impact, ABA and 52 state bankers associations wrote in a comment letter to HUD today.
As banks continue to assess their risks related to the European Union’s General Data Protection Regulation, which came into effect on May 25, ABA has released a new round of members-only resources to help.
As more and more states legalize the use and sale of marijuana, more and more banks are finding themselves caught between the pincer of local needs and federal law.
President Trump today announced the nomination of Brett Kavanaugh to fill retiring Justice Anthony Kennedy’s seat on the Supreme Court.
The OCC, ABA and the Missouri Bankers Association have filed friend-of-the-court briefs in the appeal of a Missouri case in which two mutual thrift depositors claim that they were entitled to a distribution of their thrift’s capital at the time the bank merged into another institution.