A lawsuit that challenged the authority of Dodd-Frank to regulate the financial services industry was dismissed Aug. 1 in Washington, D.C. in U.S. District Court.
Had the suit succeeded, the CFPB and its mandates to date would most likely have been rendered null and void.
New rules to prohibit charges related to single-premium credit insurance now banned by Dodd-Frank.
Texas bank, CEI, attorneys general lay out claims against new federal regulations, regulator.
WASHINGTON – Rep. Spencer Bachus (R-Ala.) had good news for credit unions during his speech Tuesday morning at CUNA’s GAC.
Alabama, Georgia, Kansas, Montana, Nebraska, Ohio, Texas and West Virginia would join Oklahoma, South Carolina and Michigan in challenge to CFPB, FSOC.
But Dodd-Frank requires fees and closing costs to be included in calculations, so bureau finding a way, director said.
Regulators told the GAO the delay is due to the number, complexity and interconnectivity of new law's rules.
Attorney who helped write Dodd-Frank named as director of agency's Office of Consumer Protection.
Credit unions must work together to outpace today’s fraudsters as Dodd-Frank change in withdrawal rules has unintended consequence.