Dodd-Frank Banking
CFPB Week in Review
Banking, CFPB, Consumer Protection, Litigation The Consumer Financial Protection Bureau (CFPB) had another busy week. Here is an overview of what the CFPB was up to recently: Enforcement Actions and Litigation Enforcement Action Against Santander Bank On July 14, 2016, the CFPB announced an administrative consent order against Santander Bank, N.A., to resolve alleged illegal overdraft service practices. In 2010, […] Read more →
Republicans Announce Plans to Replace Dodd-Frank
Banking, CFPB, Consumer Protection, Public Companies and Securities House Financial Services Committee Chairman Jeb Hensarling (R-TX) unveiled details of the Financial CHOICE Act – the Republican plan to replace the Dodd-Frank Act and promote... Read more →
CFPB Release Report Critical of Auto Title Loans
Banking, CFPB, Consumer Protection, Litigation On May 18, 2016, the Consumer Financial Protection Bureau (CFPB) issued a report on auto title loans. Auto title loans are small-dollar, high interest, loans that are generally... Read more →
CFPB Proposes Controversial Rule to Limit Use of Arbitration Agreements
Banking, Broker-Dealer, CFPB, Consumer Protection, Litigation On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) announced a long-awaited and highly-controversial proposed rule that, if adopted, would prohibit certain financial... Read more →