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The Conference of State Bank Supervisors, banking law scholars and consumer advocacy organizations filed amicus briefs siding with the New York State Department of Financial Services in its court battle with the federal regulator.July 31
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Acting Comptroller of the Currency Brian Brooks said the agency plans to issue new assessment procedures within weeks as a follow-up to recent Community Reinvestment Act reforms. He also touched on the “true lender” issue and why the agency is considering a narrow-purpose payments charter.July 30
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The complaint filed by New York, California and Illinois argues that the regulation, issued in response to the 2015 Madden decision, undermines state laws intended to protect consumers.July 29
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Citing possible exploitation, Bank of America instituted a policy that put limits on loans to persons in guardianship. It later ended the policy.July 24
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The Nashville bank had sued Gaylon Lawrence in 2017 over allegations that he was pursuing an illegal takeover, but the two sides announced terms of a settlement.July 24
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The OCC is proposing steps for determining which party is the "true lender," which affects how the agency oversees such arrangements.July 20
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The case stemmed from the credit union's claims that the bank's branding would create confusion among consumers.July 16
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The high court ruled June 29 that the structure of the Consumer Financial Protection Bureau violated the separation of powers.July 9
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The court struck down a 2015 update to the Telephone Consumer Protection Act, which permitted robocalls to cellphones for government-related debt collection.July 6
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The court's decision not to consider an appeal from the American Bankers Association is likely to be the last step in a legal saga dating back to 2016.June 29
