Recent news from Treasury’s Office of Foreign Assets Control: January 21
The Office of Foreign Assets Control announced the following sanctions action last week.
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Compliance question of the month: January 2025
Compliance QOTM answers question on disclosure requirements for advertising a CD-secured credit product.
Recent news from Treasury’s Office of Foreign Assets Control: January 13
The Office of Foreign Assets Control announced the following sanctions action last week.
CFPB Sues Wells Fargo, JP Morgan, and Wells Fargo over alleged fraud on Zelle network
The CFPB sued Bank of America, JP Morgan Chase, Wells Fargo and Early Warning Services, accusing them of failing to...
CFPB sues Comerica over Direct Express benefits card management
Following Comerica Bank’s lawsuit against the CFPB over its investigation into the bank’s management of the Direct Express benefits program,...
Fifth Circuit reverses U.S. sanctions against cryptocurrency mixer Tornado Cash
In a 3-0 decision, a Fifth Circuit panel reversed a Texas federal court decision that upheld the U.S. Department of...
Rocket Mortgage sues HUD, aims at DOJ’s race bias suit
In response to a DOJ lawsuit claiming it engaged in racial appraisal bias, Rocket Mortgage countersued HUD, claiming it violated...
U.S. Supreme Court declines to review CFPB student loan trust lawsuit
The Supreme Court’s decision allows CFPB to sue securitization trusts over their servicers’ treatment of borrowers.
ABA files opening brief in 1071 appeal
ABA and a coalition of trade associations filed an opening brief appealing a Texas federal court ruling that CFPB’s Section...
Texas federal court denies CFPB’s attempt to dissolve preliminary injunction, transfer case in ABA’s late fee lawsuit
Judge rejected CFPB motion to dissolve the preliminary injunction, as well as motion to dismiss or transfer ABA’s lawsuit, challenging...
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