News & Analysis as of

Consumer Financial Protection Bureau (CFPB) Federal Reserve

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday November 14

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November 13, 2024 - Assistant Secretary for Economic Policy Eric Van Nostrand gave remarks on U.S. business investment in the post-COVID expansion. November 13, 2024 - The Office of Financial Research published a brief...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday November 13

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November 12, 2024 - The Federal Reserve Board published the results of the Senior Loan Officer Opinion Survey on Bank Lending Practices for October 2024. November 12, 2024- The Federal Reserve Board published a working...more

McGlinchey Stafford

Trump 2.0: Potential CFPB Changes in 2025

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Former President Donald Trump emphatically won a second term in office, and with his election, sweeping changes appear in store for the Consumer Financial Protection Bureau (CFPB or Bureau). While President-elect Trump did...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday November 6

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November 5, 2024 - The Office of Inspector General of the Federal Reserve Board published a report entitled “2024 Audit of the Board's Information Security Program.” November 5, 2024 - The Office of Inspector General of...more

Hudson Cook, LLP

CFPB Bites of the Month - October 2024 - (Don't Fear) The Reaper CFPB

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In this month's article, we share some of our top "bites" for the prior and current month covered during the October 2024 webinar. ...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday November 1

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October 31, 2024- Members of the U.S. House Committee on Financial Services sent a letter to federal banking regulators at the Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC), and Federal...more

Ballard Spahr LLP

CFPB touts three wins in funding challenges: Is it all sizzle but no steak?

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As we have previously reported, there are several CFPB enforcement lawsuits pending in which the defendants have filed motions to dismiss based in whole or in part on the argument that subsequent to September 2022, all...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday October 24

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October 23, 2024 The U.S. Department of the Treasury's Community Development Financial Institutions Fund awarded 48 organizations $246.4 million for the development of affordable housing and community facilities serving...more

Ballard Spahr LLP

CFPB/Fed/OCC increase exemption thresholds for appraisal requirement, Regs Z and M

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The CFPB, Fed, and OCC have announced that they are increasing exemption thresholds that are subject to annual inflation adjustments.  Effective January 1, 2025 through December 31, 2025, these exemption thresholds are...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday October 14

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October 11, 2024 - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday October 8

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October 7, 2024 - The Federal Reserve Bank of New York published a Liberty Street Economics blog post entitled “What Do Climate Risk Indices Measure?” October 7, 2024 - The Securities and Exchange Commission announced it...more

Mintz - ML Strategies

2024 Pre-Election Analysis: Financial Services

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Financial services encompass a wide range of services offered by the nation’s financial institutions, including banking, mortgage, investment, and credit services. The next administration and Congress’s financial services...more

Nutter McClennen & Fish LLP

Nutter Bank Report: September 2024

The FDIC, OCC, and U.S. Department of Justice (DOJ) have coordinated the release of new policies that will govern each agency’s consideration of bank merger transactions. The FDIC and OCC each published final statements of...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday September 25

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September 24, 2024- The House Financial Services Committee (FSC) held a hearing to conduct oversight of the Securities and Exchange Commission with testimony from all five Commissioners. In preparation of such hearing the...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday September 23

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September 20, 2024- The Inter-Agency Working Group on Treasury Market Surveillance (IAWG)—which is composed of staff from the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday September 20

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September 19, 2024- The Federal Reserve Bank of New York’s Open Market Trading Desk issued a statement announcing it intends to conduct a small value term repo operation with Primary Dealers....more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday September 16

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September 13, 2024 - The General Counsel of the CFPB delivered a speech to the Poverty Law Conference addressing the variety of consumer protection laws that protect impoverished individuals and how innovation and financial...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday September 10

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September 9, 2024- Securities and Exchange Commission Chief Accountant Paul Munter made a statement at the 2024 AICPA & CIMA Conference on Banks & Savings Institutions....more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday August 28

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August 27, 2024 - The Federal Reserve Board released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window....more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday August 14

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August 13, 2024 - The Federal Reserve Bank of New York published a Liberty Street Economics blog post entitled, “When Are Central Bank Reserves Ample?” August 13, 2024 - The Federal Deposit Insurance Corporation...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday August 13

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August 12, 2024 - The Consumer Financial Protection Bureau sent a comment letter to the U.S. Department of the Treasury in response to the Treasury’s Request for Information on Uses, Opportunities, and Risks of Artificial...more

Orrick, Herrington & Sutcliffe LLP

Financial agencies propose rules to standardize data collections

On August 2, the OCC, Fed, FDIC, NCUA, CFPB, FHFA, CFTC, SEC and Treasury (collectively, the agencies) released an interagency NPRM to establish data standards across these agencies for “certain collections of information...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday August 12

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August 9, 2024 - The U.S. Department of the Treasury, Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Securities and Exchange Commission, Commodity Futures Trading...more

Latham & Watkins LLP

FDIC Proposes Amendments to Its Change in Bank Control Act Regulations

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The proposal would establish stricter oversight of certain transactions and responds to concerns that large asset managers may be exerting influence on FDIC-supervised institutions. On July 30, 2024, the Board of...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday August 8

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August 7, 2024 - The U.S. Department of the Treasury, the Consumer Financial Protection Bureau, and the Federal Trade Commission announced actions to address unfair and deceptive consumer acts and practices in the...more

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