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Consumer Financial Protection Bureau (CFPB) Financial Markets

Wilson Sonsini Goodrich & Rosati

Focus on Fintech – Q2 2024

In the latest edition, our attorneys discuss updates and developments from federal regulators, including those related to cryptocurrencies, cybersecurity in financial markets, and the intersection of fintech and AI. They also...more

Alston & Bird

Structured Finance Spectrum - Summer 2024

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Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features the new UK securitization regime, eHELOCs, and climate risk disclosures....more

Troutman Pepper

Navigating Facility Relocation: Legal and Practical Considerations — The Consumer Finance Podcast

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In this episode of The Consumer Finance Podcast, Chris Willis is joined by David Dove, a partner in Troutman Pepper's RISE group. They discuss the legal and practical considerations for businesses looking to locate a facility...more

A&O Shearman

The CFPB proposes federal supervision for Big Tech and other digital payment providers

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In response to what it sees as the growing influence of ‘Big Tech’ and other large technology companies in consumer financial markets, the Consumer Financial Protection Bureau (CFPB) has introduced a proposed rule to...more

Polsinelli

Blockchain+ Bi-Weekly - November 2023 #2

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The Blockchain Bi-Weekly presented by the Polsinelli Blockchain+ team is a rundown of some of the key stories in the Web3, blockchain and crypto ecosystems curated by our attorneys navigating the intersections of code, smart...more

Ward and Smith, P.A.

Economic Growth and Disclosure Laws: Financial Insights From the Annual Factoring Conference

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Recently, I had the privilege to attend the 29th Annual Factoring Conference in New Orleans. This annual conference is a unique event presented by the International Factoring Association (IFA), which caters to lenders and...more

Troutman Pepper

Troutman Pepper Weekly Consumer Financial Services Newsletter - June 2023 # 3

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To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week...more

Alston & Bird

Structured Finance Spectrum – February 2023

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Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features a new year for a new UCC Article 12, a farewell to LIBOR, and an appraisal...more

Jenner & Block

The Consumer Finance Observer - Fall 2022 Edition

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Potential Bias in AI Consumer Decision Tools Eyed by FTC, CFPB - Potential discrimination and bias resulting from consumer tools based on artificial intelligence and automated data will be an enforcement focus of...more

Dechert LLP

Life (and Opportunity) in the Time of Considerable Government Malfeasance

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I wrote a week or two back about my expectation that significant economic dislocation awaits us.  I still think that.  The morning after I published, hordes (ok, maybe not hordes) of PhD Villeins were outside my house with...more

Robins Kaplan LLP

Feds Fine Bank of America $225M for Mistakenly Freezing Pandemic Relief Funds

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Federal regulators have fined Bank of America $225 million “for mishandling prepaid debit card accounts used by a dozen states to distribute unemployment benefits during the pandemic.” Beyond the fine, the bank must also...more

Alston & Bird

Structured Finance Spectrum – July 2022

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Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. Guest edited by our London team, this edition focuses on the opportunities that come from stressed...more

Vinson & Elkins LLP

Consumer Financial Protection Bureau Bolsters Competition Enforcement Efforts

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On May 24, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced that it is establishing a new office, the Office of Competition and Innovation, as part of a broader initiative to promote competition in the...more

Robins Kaplan LLP

Fed Minutes Show Inflation-Fighting Commitment, Spur Market Rally

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The Fed’s May meeting minutes dropped on Wednesday, and they confirmed the central bank’s intent to “move ‘expeditiously’ to bring down the most rapid pace of inflation in 40 years, with most participants expecting as many as...more

Robins Kaplan LLP

Fed Raises Interest Rates by 50 Basis Points, Biggest Jump Since 2000

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The Federal Reserve made good on Wednesday of months of rate-hike foreshadowing, announcing a half-percentage-point increase in interest rates and detailing a plan to shrink the central bank’s “massive bond holdings.” In...more

Robins Kaplan LLP

Union Bid Voted Down at Second Staten Island Amazon Warehouse

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In a major reversal of recent trends, workers at an Amazon warehouse not far from the first to unionize just last month rejected a similar effort to organize by a 2-1 margin. The result “was a setback for the upstart Amazon...more

Robins Kaplan LLP

Fuel Prices Help Drive Inflation to 40-year High

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As forecast, consumer prices rose dramatically in March, hitting the 8.5% mark. Fuel prices led the way thanks to “a recent surge in gas costs tied to Russia’s invasion of Ukraine,” but less volatile core prices were also up...more

Robins Kaplan LLP

White House Unveils Economic Priorities with 2023 Budget

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The White House unveiled its 2023 budget to start the week, a document that outlines the Administration’s economic agenda for the year ahead. Among other proposals, the budget proposes “a new tax on American households worth...more

Goodwin

CFPB Launches New Initiative Focused on Rural Communities

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In This Issue. The Consumer Financial Protection Bureau (CFPB) announced a new initiative focused on financial issues faced by rural communities and also updated its examination procedures to cover unfair discrimination; the...more

Robins Kaplan LLP

Spirit and Frontier Announce Planned Budget-Airline Merger

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Low-cost American carriers Frontier and Spirit Airlines have reached an agreement to combine forces, a merger that “would create the fifth-largest U.S. airline by market share, putting pressure on the nation’s biggest...more

Robins Kaplan LLP

Fed to Hasten Taper in Bid to Target Persistent Inflation | Financial Blog - Financial Daily Dose 12.1.2021

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Fed Chair Powell used the Omicron variant’s emergence as impetus to more aggressively target the now-persistently stubborn inflation, telling the Senate Banking Committee during testimony on Tuesday that the central bank...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Climate-Related Financial Risk 2021: Financial Stability Oversight Council Report

The Financial Stability Oversight Council (“FSOC”) issued a document on October 21st titled: Report on Climate-Related Financial Risk 2021 (“Report”) The Report was issued in response to the Biden Administration’s Executive...more

Robins Kaplan LLP

Financial Daily Dose 10.1.2021 | Top Story: Zoom Ends $15B Bid to Acquire Five9 Over Regulatory Scrutiny

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Zoom and Five9 are walking away from their proposed $15 billion deal for lack of Five9 shareholder support. Zoom’s acquisition “had drawn national security scrutiny” over funding links to China...more

Robins Kaplan LLP

Financial Daily Dose 9.7.2021 | Top Story: El Salvador Adopts Bitcoin as National Currency

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Welcome to B-Day, the beginning of the grand cryptocurrency experiment for El Salvador, which “became the first country in the world to adopt bitcoin as legal tender on Tuesday.” Predictably, “the launch got off to a bumpy...more

Robins Kaplan LLP

Financial Daily Dose 9.2.2021 | Top Story: NY Judge Provisionally Approves Purdue Pharma Dissolution, Sackler Liability Shield

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A New York federal bankruptcy judge provisionally approved an opioid settlement plan on Wednesday that will dissolve Purdue Pharma and require members of the Sackler family (which owns Purdue) to “turn over billions of their...more

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