Searching Content indexed under Financial Services by Julia B. Strickland ordered by Published Date Descending.
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SCOTUS Limits The Definition Of ‘Debt Collector' Under The Fair Debt Collection Practices Act
On March 20, 2019, the Supreme Court issued its much-anticipated decision in Obduskey v. McCarthy & Holthus LLP,
United States
2 Apr 2019
NYDFS Cybersecurity Deadlines Approaching For Financial Services Companies And Credit Reporting Agencies
Imminent deadlines loom under both the New York Department of Financial Services' Cybersecurity Regulations for Financial Services Companies (23 NYCRR Part 500, "the Cybersecurity Regulations") ...
United States
29 Aug 2018
Preemption Battles & Class Actions Ahead?
On March 2, 2018, a three-judge panel of the Ninth Circuit Court of Appeals reversed the dismissal of a putative class action in Lusnak v. Bank of America, ruling that the National Bank Act...
United States
12 Mar 2018
"Opportunities To Reframe CFPB Enforcement"
The past two weeks have seen major developments in court and at the Consumer Financial Protection Bureau concerning the Bureau's enforcement activities, all closely related to changes in the political winds.
United States
5 Feb 2018
Strategies For Fundamental CFPB Changes
The CFPB announced on January 17, 2018 that it will conduct a review of its enforcement, supervision, rulemaking, market monitoring and education activities – i.e., every component of its regulatory functions.
United States
19 Jan 2018
Cordray Announces November Departure From CFPB
Richard Cordray today announced his departure from the position of Director of the Consumer Financial Protection Bureau by the end of November 2017, well in advance of the natural expiration of his term in July 2018.
United States
16 Nov 2017
"Senate Votes To Reject CFPB Arbitration Rule"
Tonight's vote was a significant rebuke to the agency, whose director Richard Cordray has been under fire for his aggressive approach to regulating the financial services industry.
United States
26 Oct 2017
What CFPB's First No-Action Letter Signals
The Consumer Financial Protection Bureau ("CFPB" or "Bureau") yesterday issued its first ever No-Action Letter ("NAL") through its Project Catalyst initiative, and the industry.
United States
22 Sep 2017
CFPB Watch
Director Richard Cordray continues to keep watchers of the Consumer Financial Protection Bureau ("CFPB" or "Bureau") guessing as to his departure from the agency.
United States
11 Sep 2017
Affirmed – Defaulted Debt Buyer Not Subject To FDCPA
In his first opinion, Justice Gorsuch yesterday delivered the Supreme Court's unanimous decision in Henson v. Santander Consumer USA Inc., No. 16-349.
United States
14 Jun 2017
CFPB & States Focus on Small Business Lending
The Consumer Financial Protection Bureau's ("CFPB" or "Bureau") May 10, 2017 field hearing and issuance of a Request for Information ("RFI") regarding the small business lending market, particularly credit issues facing small businesses owned by women and minorities, have stirred worries about new regulatory burdens on this sector.
United States
13 May 2017
Election Implications For The CFPB
The election of a Republican President and Republican Congress raises many questions regarding the leadership and regulatory activism of the Consumer Financial Protection Bureau as we know it.
United States
15 Nov 2016
D.C. Circuit's PHH Ruling Reins In CFPB
On October 11, 2016, the Court of Appeals for the District of Columbia Circuit held in PHH Corporation v. Consumer Financial Protection Bureau, case no. 15-1177, that the CFPB's structure of a single independent director, removable only for cause, violates the separation of powers provisions of Article II of the Constitution.
United States
13 Oct 2016
CFPB Proposes "Drastic Overhaul" Of Debt Collection
On July 28, 2016, the Consumer Financial Protection Bureau released an outline of proposals that it is considering to, in Director Richard Cordray's words, "drastically overhaul the debt collection market".
United States
21 Sep 2016
Payment Processing Continued Target Of CFPB And Litigation
On August 22, 2016, the Consumer Financial Protection Bureau announced a $4.1 million settlement with Wells Fargo Bank for allegedly illegal student loan servicing practices.
United States
9 Sep 2016
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