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.
Lack of participation by federal agencies in preemption cases appears to have emboldened states.
California Gov. Jerry Brown yesterday signed a bill creating new data privacy requirements for businesses that handle consumer data in the state.
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.