CFPB Releases May 2016 Complaint Report
The CFPB released its May 2016 complaint report which is the eleventh in its series of monthly complaint reports. According to the May 24, 2016... Read More
Federal Regulatory Developments
CFPB Finalizes Interim Rules Transferred under Dodd-Frank
The CFPB recently finalized the interim rules it published in December 2011 that transferred the existing regulations implementing the laws that transferred to the CFPB... Read More
M&T Bank Agrees to $64 Million Settlement Over FHA-Lending Violations
On May 6, M&T Bank agreed to a $64 million settlement with the Department of Justice (DOJ) over alleged violations of the False Claims Act.... Read More
CFPB Announces Spring 2016 Rulemaking Agenda
On May 18, 2016, the Consumer Financial Protection Bureau (CFPB) published its Spring 2016 rulemaking agenda. The following timetables set forth the timetables for major rulemaking... Read More
The Department of Labor Amends Overtime Regulations
On May 18, 2016, the Department of Labor (DOL) published revisions to the federal overtime regulations, with a specific focus on updating the salary and... Read More
Proposed Rule Regarding Equal Access in HUD’s Native American and Native Hawaiian Programs
On May 9, 2016, HUD published a proposed rule in the Federal Register which would revise regulations for HUD’s Native American and Native Hawaiian programs... Read More
CFPB Issues Final Rule Allowing Electronic Filings Under the Interstate Land Sales Full Disclosure Act
On May 2, 2016, the CFPB published a final rule that will allow developers to file electronically under the Interstate Land Sales Full Disclosure Act... Read More
Treasury Department Announces New and Proposed Rules Regarding Customer Due Diligence Requirements for Certain Financial Institutions
On May 5, 2016, the U.S. Department of the Treasury announced a Customer Due Diligence Final Rule (“Final Rule”) that enhances the customer due diligence... Read More
CFPB Proposes Anti-Arbitration Rule
On May 5, 2016, the CFPB issued a proposed rule prohibiting financial service companies from using mandatory arbitration clauses as a way to block class... Read More
CFPB to Issue Notice of Proposed Rulemaking on TRID
In response to industry requests, the CFPB Director Richard Cordray recently announced that the CFPB will issue a Notice of Proposed Rulemaking on the Know... Read More
FFIEC Proposes Revisions to Uniform Consumer Compliance Ratings
The FFIEC is seeking Comments on Proposed Revisions to Uniform Interagency Consumer Compliance Rating System. The Federal Financial Institutions Examination Council is seeking public comment... Read More
CFPB Releases its April 2016 Complaint Report
The CFPB released its April 2016 complaint report which is the tenth in its series of monthly complaint reports. According to the Monthly Complaint Report... Read More
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