The House today approved two bipartisan regulatory reform bills backed by ABA as part of its Blueprint for Growth.
The Consumer Financial Protection Bureau will remove day-to-day oversight and enforcement authority from its Office of Fair Lending and Equal Opportunity, according to reports today.
The Consumer Financial Protection Bureau today issued a request for information seeking feedback from the public on administrative adjudications for contested matters that were not resolved by consent order.
A federal appeals court today upheld the constitutionality of the Consumer Financial Protection Bureau’s leadership structure — a single powerful director who can be removed by the president only “for cause,” not at will — reversing a three-judge panel’s decision in 2016.
Federal and state regulators have ordered a halt to activities by a Dallas-based entity known as “AriseBank” that has targeted investors in an allegedly fraudulent initial coin offering.
Consumer Financial Protection Bureau Acting Director Mick Mulvaney will continue to serve in that capacity as a federal judge today denied CFPB Deputy Director Leandra English’s request for an injunction stating that she is the rightful acting director.
Courts appear willing to restrict a consumer’s ability to revoke consent to contact—have not issued adequate rulings to create meaningful precedent.
The Justice Department has revoked prior guidance on enforcement of federal marijuana laws in states where the drug has been legalized, Attorney General Jeff Sessions said today in a memo to federal prosecutors.
Although the Justice Department has ended its controversial “Operation Choke Point” initiative, the House tonight overwhelmingly passed a bill that would prevent it from being resurrected.
The Financial Crimes Enforcement Network will formalize FinCEN Exchange, a new forum to facilitate public- and private-sector information sharing on financial crimes data, Sigal Mandelker told the ABA/ABA Financial Crimes Enforcement Conference today.