1+ hour, 24+ min ago   (208+ words) The FDIC’s Enforcement Action Against Bonan The Seventh Amendment Issue After Jarkesy The first step was straightforward. The FDIC conceded that the civil money penalty was legal in nature because a civil penalty is a “prototypical common law remedy.” The…...

21+ hour, 9+ min ago   (1377+ words) CFPB guidance on ability to repay, immigration status, and fair lending creates a difficult compliance dilemma for creditors. But how can creditors take immigration status into account without violating federal or state fair-lending laws that prohibit discrimination based on national…...

2+ day, 20+ hour ago   (409+ words) The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an Alert “urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government.” “Every dollar stolen from Federal…...

2+ day, 20+ hour ago   (416+ words) President Trump is renewing his effort to oust Lisa D. Cook from the Federal Reserve Board. In a letter to Cook, a Biden Administration nominee, Daniel Scavino, Assistant to the President and Deputy Chief of Staff and Director of the Office…...

1+ week, 21+ hour ago   (582+ words) Consumer Finance Monitor As previously reported, last year the Trump Administration filed a motion in the federal district court for the district of New Jersey to terminate the redlining consent order with Lakeland Bank that was entered into in September…...

1+ week, 21+ hour ago   (282+ words) David McGrath of HFSC Staff to be Guest on Webinar on August 24, 2026 The Committee is not merely soliciting general comments. Instead, it has posed a series of detailed questions on each title of the discussion draft, signaling that it is…...

1+ week, 1+ day ago   (377+ words) Consumer Finance Monitor Artificial intelligence is rapidly transforming consumer financial services. AI systems now influence decisions involving credit underwriting, fraud detection, customer service, pricing, marketing, and even personalized financial advice. While these technologies promise greater efficiency and innovation, they also…...

1+ week, 1+ day ago   (96+ words) Consumer Finance Monitor The Office of the Comptroller of the Currency (OCC) has issued a notice of proposed rulemaking that would substantially revise its regulations governing the disclosure of non-public OCC information, including confidential supervisory information (CSI). The proposal proposes…...

1+ week, 1+ day ago   (196+ words) Alan will moderate the program and will be joined by Ballard Spahr colleagues Joseph Schuster, Ron Vaske, and John Culhane, who will analyze the proposal’s practical implications for banks, credit unions, FinTech companies, nonbank financial services providers, and other participants…...

1+ week, 2+ day ago   (290+ words) Consumer Finance Monitor CFPB Deputy Director Mark Paoletta has become the Bureau’s Acting Director following the expiration of Russell Vought’s service as Acting Director on August 1. Under the Federal Vacancies Reform Act, Vought could serve as Acting Director only for…...