The U.S. Supreme Court Jan. 9 turned away a petition by several banks urging review of a ruling that gives federal regulators more time to sue them ( First Horizon Securities Inc. v. FDIC , U.S., No. 16-cv-00463, cert. den. 1/9/17 ).
Consumer Financial Protection Bureau employees could see their salaries fall by as much as 25 percent under Republican legislation that would alter the agency’s pay scale.
In a recent speech, SEC Investor Advocate Rick A. Fleming discussed the future of financial regulation in general and the impact and legacy of the Dodd-Frank Act.
A recent federal appeals court ruling that gives the White House more power over the Consumer Financial Protection Bureau doesn't necessarily mean it will now be subject to the same cost-benefit mandates as other federal agencies.
The Consumer Financial Protection Bureau is sticking to its fact-based approach on enforcement of the Real Estate Settlement Procedures Act and marketing services agreements despite a recent federal appeals court rulingagainst the agency, CFPB Director Richard Cordray said Oct. 24.
Citibank NA reached a settlement with a North Carolina man over allegations that the company sent multiple unsolicited text messages to his mobile phone after repeatedly asking the bank to halt communication (Foster v. Citibank, N.A., M.D.N.C., No. 16-cv-00775, notice of settlement 8/10/16).
Quicken Loans Inc. violated federal labor law by maintaining employment policies that interfered with workers' rights to discuss labor unions and their job conditions, the U.S. Court of Appeals for the District of Columbia Circuit held ( Quicken Loans, Inc. v. NLRB, 2016 BL 245522, D.C. Cir., No. 14-1231, 7/29/16 ).
Lawyers asked a federal appeals court to rehear an April ruling that said a federal court could hear a case brought by the Consumer Financial Protection Bureau (CFPB), even though the agency's director was not properly confirmed when the case was filed ( Cons. Fin. Protection Bureau v. Gordon, 9th Cir., No. 13-cv-56484, petition for rehearing en banc 6/27/16 ).
PHH Corp. says a U.S. Supreme Court ruling this week bolsters its appeal from a Consumer Financial Protection Bureau enforcement decision (PHH Corp. v. Cons. Fin. Protection Bureau, D.C. Cir., No. 15-cv-01177, brief filed 6/23/16 ).