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Congress Votes to Overturn the Consumer Financial Protection Bureau’s Arbitration Agreements Final Rule

As previously reported, the Consumer Financial Protection Bureau (CFPB or Bureau) recently issued a final rule governing agreements that provide for the arbitration of any future disputes between consumers and providers of...more

CFPB Issues Arbitration Agreements Final Rule

On July 10, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a final rule governing agreements that provide for the arbitration of any future disputes between consumers and providers of certain consumer...more

Obama Administration Issues a Fintech Policy Whitepaper

On January 13, 2017, the National Economic Council published a whitepaper that articulates the Obama Administration’s perspective on and vision for FinTech. The whitepaper builds upon the June 2016 White House FinTech Summit,...more

CFPB Issues Report Offering Preliminary Insights on Consumer Finance Marketplace Innovations

On October 24, 2016, the Consumer Financial Protection Bureau (CFPB) issued a report highlighting various marketplace developments in payments, transactions, lending, underwriting, budgeting, money management, and other...more

Recent Legislative and Enforcement Developments in the FinTech Sector

In late September, Representative Patrick McHenry (R-NC), vice chair of the House Financial Services Committee, introduced the “Financial Services Innovation Act of 2016,” which is intended to promote innovation in financial...more

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