Bloomberg BNA Articles

Banks Rejected by Supreme Court on FDIC Mortgage-Bond Suits

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 ).

Republican Lawmakers Take Aim at CFPB Pay Scale

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.

SEC Official Examines Dodd-Frank Legacy as Regulatory Changes Loom

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.

PHH Decision May Not Subject CFPB to Cost-Benefit Order

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.

PHH Ruling Not the Last Word on RESPA Enforcement, Cordray Says

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 Settles Consumer Robocall Federal Claims

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 Workplace Policies Held Unlawful

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.

Rehearing Sought in Case Backing CFPB Enforcement Authority

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.

PHH Says Supreme Court Ruling Helps Case Against CFPB

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 ).

Judge Blocks CFPB Bid to Name Company Under Investigation

The Consumer Financial Protection Bureau (CFPB) lost its latest bid to disclose the name of a company now under investigation ( John Doe Co. v. Cons. Fin. Protection Bureau, D.D.C., No. 15-cv-01177, 6/15/16 ).

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