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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...
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...
Vacation Alert: Fifth Circuit Vacates Private Fund Adviser Rules
The National Law Review· 7 days agoOn June 5, the Fifth Circuit Court of Appeals (Court) vacated the entire set of private fund adviser rules adopted by the Securities and Exchange Commission (SEC) on August 23, 2023. Many private ...
The U.S. wants to crack down on payday loans. Here’s what you need to know.
Washington Post via Yahoo Finance· 20 hours agoAn earlier version of this article misspelled the last name of former GOP congressman Mick Mulvaney....
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...
Will Supreme Court Ground Tremors Cause National Bank Preemption Tsunami? | JD Supra
JD Supra· 1 day agoOn May 30th, an unanimous Supreme Court ruled that the Second Circuit needed to take another shot at evaluating whether Bank of America, a national bank, can pre-empt a New York state law requiring ...
The CFPB’s next funding fight
Politico· 3 days agoBut Republicans aren’t giving up the fight against an agency they have been trying to eviscerate since its inception – including by throwing up yet another challenge to the validity of the agency ...
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...
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 ...
JD Supra: Michigan federal court shuts down class action against Flagstar Bank for so-called...
JD Supra· 7 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 ...