On March 9, 2022, President Biden signed the “Executive Order on Ensuring Responsible Development of Digital Assets.” This order sets the principal policy objectives of the Administration regarding digital assets ...
The California Privacy Protection Agency Board met this week to discuss the progress of the new California Privacy Protection Agency (CPPA) who is in charge of enforcing the California Privacy ...
The Third Circuit Court recently held in TitleMax of Delaware, Inc. v. Weissmann that application of Pennsylvania’s usury laws to lenders in Ohio, Virginia, and Delaware is not a violation ...
The Consumer Financial Protection Bureau (CFPB) released a statement on January 26th, 2022, announcing an initiative to address “exploitative junk fees” being charged to consumers in deposit and lending transactions. ...
The National Credit Union Administration (NCUA) issued its Letter to Credit Unions regarding its supervisory priorities for 2022 as well as an update on its examination program. In 2021, the ...
Equifax will be adding a new business industry code for buy now, pay later (BNPL) transactions. Beginning in the first quarter of 2022, BNPL transactions will be included in the ...
On December 16, 2021, the Consumer Financial Protection Bureau (CFPB) issued orders to five (5) “Buy Now, Pay Later” (BNPL) companies, including Affirm, Afterpay, Klarna, PayPal, and Zip, concerning their ...
On December 8, 2021, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) published a Notice of Public Rulemaking (NPRM) and a Fact Sheet outlining the first of three sets of ...
The Consumer Financial Protection Bureau (CFPB) issued the Fall 2021 edition of its Supervisory Highlights report. This edition covers examination topics the CFPB identified between January and June of 2021. ...
On December 7, 2021, the Consumer Financial Protection Bureau (CFPB) issued a final rule to facilitate the transition from the LIBOR interest rate index for consumer financial products. Effective April ...