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JD Supra: (Some) Banking Agencies Repropose Dodd-Frank 956 Incentive Compensation Rules
JD Supra· 5 days agoSection 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires that six agencies — the Federal Reserve System (FRS), Office of the Comptroller of the Currency...
John Kennedy Tells Chief Biden Regulator Point Blank That His Agency Is ‘Operating Illegally’
IJR· 2 days agoThe Dodd–Frank Wall Street Reform and Consumer Protection Act mandates that the CFPB operate using funds from the “combined earnings of the Federal Reserve ...
The Sky’s the Limit for C.E.O. Pay
New York Times· 7 days agoWith new executive pay disclosures, the big picture is still riches at the top and lagging wages for most of the rank-and-file, our columnist says. The...
The U.S. wants to crack down on payday loans. Here’s what you need to know.
Washington Post via Yahoo Finance· 15 hours agoAn earlier version of this article misspelled the last name of former GOP congressman Mick Mulvaney....
SEC Private Fund Rule Struck Down by US Appeals Court | JD Supra
JD Supra· 3 days agoA U.S. appeals court struck down a newly adopted Securities and Exchange Commission (“SEC”) rule...
JD Supra: Michigan federal court shuts down class action against Flagstar Bank for so-called...
JD Supra· 2 hours agoOn April 16, 2024, the U.S. District Court Judge Gershwin A. Drain in the Eastern District of Michigan granted summary judgment in favor of Flagstar Bank (the “Bank”) in a case where the plaintiff ...
Mortgage closing fees are in the hot seat. Here's why feds are looking into them.
CBS News via Yahoo Finance· 6 days agoThe MBA said lenders worked with the CFPB a decade ago on making sure mortgage fees were laid out...
JD Supra: Securities Act Rule 192 – Conflicts of interest relating to certain securitizations
JD Supra· 5 days agoThis Rule 192 prohibits securitization participants from engaging in any transactions involving an asset-backed security (“ABS...
A Symptom of a Broader Issue: Politics vs. Constitutional Law in 'CFPB v. CFSA' | Daily Business...
Law.com· 7 days agoOn May 16, the U.S. Supreme Court released its opinion in CFPB v. Community Financial Services...
Director Rohit Chopra gives the back of his hand to argument that CFPB is unlawfully funded out of...
JD Supra· 1 day agoIt took about an hour for someone on the Senate Finance Committee during its hearing today to mention the “elephant in the room” — namely, the fact that the CFPB is only allowed under