Strike Two for Alleged L.O. Comp. Violations
Last week, the Bureau announced a $730,000 settlement with Franklin Loan Corporation (Franklin) based on alleged violations of the loan originator compensation rule in Regulation Z. That rule prohibits...
View ArticleThe CFPB & UDAAP: A “Know It When You See It” Standard?
On January 22, 2015, Donald Lamp, Nancy Thomas, and James Nguyen will participate on this West LegalEdcenter Webinar. About the webinar: Institutions regulated by the Consumer Financial Protection...
View ArticleCFPB Announces Field Hearing on Arbitration
On February 23, 2015, the Consumer Financial Protection Bureau (CFPB) announced that it will hold a field hearing in Newark, New Jersey, on March 10, 2015, to discuss the topic of arbitration. We...
View ArticleDonald Lampe Comments on TRID Litigation Risk
Morrison & Foerster Partner Donald Lampe is featured in the Law360 article, “Litigation Tops Lenders’ Fears in Home Closing Overhaul.” To read the article, click here (subscription required).
View Article#ThrowbackThursday: CFPB & DOJ Consent Orders with Former GE Capital Retail...
In June 2014, Morrison & Foerster published the client alert, “CFPB & DOJ Consent Orders with Former GE Capital Retail Bank: Something Old and Something New.” Summary: Yesterday, the CFPB...
View ArticleWEBINAR: Consumer Protection Provisions in the Dodd-Frank Act: Adjusting to...
December 3, 2015 1:00 pm – 2:30 pm EST Morrison & Foerster partners Nancy Thomas and Angela Kleine will speak on the “Consumer Protection Provisions in the Dodd-Frank Act: Adjusting to the New...
View ArticleHouse Votes to Nix Indirect Auto Bulletin and Expand QM
The U.S. House of Representatives passed legislation on November 18, 2015, that would revoke the CFPB’s guidance on indirect auto lending and expand the qualified mortgage rule’s safe harbor. The...
View ArticleCFPB Publishes Semi-Annual Rulemaking Agenda
Just in time for the holidays, the CFPB released its Fall 2015 rulemaking agenda on Friday, November 20. The agenda does not include any major surprises, but it does slightly revise the projected...
View Article#ThrowbackThursday: Dodd-Frank, Title II: Where the FDIC and the “Orderly...
In August 2010, Morrison & Foerster published the client alert “Dodd-Frank, Title II: Where the FDIC and the ‘Orderly Liquidation Authority’ Meet the Bankruptcy Code.” Click here to read the full...
View Article#ThrowbackThursday: Proposed Increase in Dollar Threshold for Coverage by...
In December 2010, Morrison & Foerster published the client alert “Proposed Increase in Dollar Threshold for Coverage by Regulation Z.” Summary: On December 13, 2010, the Federal Reserve Board...
View Article#ThrowbackThursday: The Dodd-Frank Act: An Operational Response for Non-US Banks
In December 2011, Morrison & Foerster published “The Dodd-Frank Act: An Operational Response for Non-US Banks” in Operational Risk & Regulation. Click here for the full article.
View ArticleWhither the CFPB? In Uncertain Times, Rep. Hensarling’s Vision May See New Life
Given the outcome of the presidential election, the focus is now on President-Elect Trump’s campaign promises to scale back the Dodd-Frank Act and pursue deregulation of financial services. As of now,...
View ArticleU.S. Treasury Department Report on Core Principles for Regulating the United...
As required by the President’s Executive Order 13772 setting forth the core principles that should be taken into account in connection with the regulation of the U.S. financial system, the U.S....
View ArticleFederal Reserve and FDIC Issue Proposed Changes to Resolution Plan...
On April 8 and 16, 2019, the Federal Reserve and the FDIC published proposed changes to resolution plan (or “living will”) requirements applicable to U.S. and foreign banking organizations. The...
View ArticleCFPB Takes a Step Away from “You Know It When You See It” Standard for UDAAP...
On February 6, 2020, the Consumer Financial Protection Bureau published a Statement of Policy Regarding Prohibition on Abusive Acts or Practices to “convey and foster greater certainty” regarding how...
View ArticleHouse Votes to Nix Indirect Auto Bulletin and Expand QM
The U.S. House of Representatives passed legislation on November 18, 2015, that would revoke the CFPB’s guidance on indirect auto lending and expand the qualified mortgage rule’s safe harbor. The...
View ArticleCFPB Publishes Semi-Annual Rulemaking Agenda
Just in time for the holidays, the CFPB released its Fall 2015 rulemaking agenda on Friday, November 20. The agenda does not include any major surprises, but it does slightly revise the projected...
View Article#ThrowbackThursday: Dodd-Frank, Title II: Where the FDIC and the “Orderly...
In August 2010, Morrison & Foerster published the client alert “Dodd-Frank, Title II: Where the FDIC and the ‘Orderly Liquidation Authority’ Meet the Bankruptcy Code.” Click here to read the full...
View Article#ThrowbackThursday: Proposed Increase in Dollar Threshold for Coverage by...
In December 2010, Morrison & Foerster published the client alert “Proposed Increase in Dollar Threshold for Coverage by Regulation Z.” Summary: On December 13, 2010, the Federal Reserve Board...
View Article#ThrowbackThursday: The Dodd-Frank Act: An Operational Response for Non-US Banks
In December 2011, Morrison & Foerster published “The Dodd-Frank Act: An Operational Response for Non-US Banks” in Operational Risk & Regulation. Click here for the full article.
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