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 Federal Reserve Board, published a discussion paper on the potential of a Central Bank Digital Currency (CBDC). With this initial analysis, the Fed suggests that a U.S. CBDC would ...
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 ...
The IRS has posted the 2022 version of Publication 590-A. Publication 590-A covers contributions to Traditional IRAs as well as Roth IRAs. The cost-of-living increases for the income limits used ...
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 ...
The Consumer Financial Protection Bureau (CFPB) recently issued additional FAQs and guidance on Reg E. The Bureau frequently provides a list of commonly asked questions and answers on particular topics ...
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 CFPB recently released additional overdraft data that financial institutions continue to rely on overdraft and non-sufficient funds (NSF) fees as part of their revenue stream. Specifically, researchers estimated in ...