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Dec 9, 2024 | 
jdsupra.com | Sarah Johnson Auchterlonie |David Cohen |Leah Dempsey
On Dec. 3, 2024, the Consumer Financial Protection Bureau (CFPB) released a proposed rule that would treat data brokers as credit reporting agencies, subjecting them to requirements under the Fair Credit Reporting Act (FCRA). The rulemaking would also limit the sale and transfer of credit header data, which contains consumer identifiers, including names, dates of birth and addresses.
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Dec 6, 2024 | 
jdsupra.com | David Cohen |Leah Dempsey |Emily Renwick Garnett
On Wednesday, Dec. 4, President-elect Donald Trump announced his intention to nominate Paul Atkins as the next chair of the Securities and Exchange Commission (SEC). Atkins, who served as an SEC commissioner from 2002 to 2008 during the George W. Bush administration, is known for preferring a lighter-touch approach to regulation and advocating for market efficiency.
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Nov 15, 2024 | 
jdsupra.com | Leah Dempsey |Emily Renwick Garnett |Joel L. Herberman
During the 2024 campaign, President-elect Donald Trump took significant steps to embrace digital assets and the industry that has developed around them, positioning himself as a champion of crypto. In a speech delivered at the annual Bitcoin Conference in Nashville, Tennessee, the Republican nominee promised to suspend sales of U.S. government bitcoin holdings and to fire current Securities and Exchange Commission (SEC) Chairman Gary Gensler on day one of his administration.
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Oct 25, 2024 | 
jdsupra.com | Sarah Johnson Auchterlonie |David Cohen |Leah Dempsey
On Oct. 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule on Personal Financial Data Rights, which changes the way financial institutions hold and distribute customer-generated data.
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Oct 22, 2024 | 
mondaq.com | Leah Dempsey |Michael Pryor |John Menges
Earlier this year, the Federal Communications Commission (FCC)
published a new report and order ("Order") concerning
revocation of consumer consent under the Telephone Consumer
Protection Act (TCPA). The new rules revise how consumers may
revoke consent they have provided to receive robocalls and
robotexts. On Oct. 11, the FCC announced the new rules will take effect on
April 11, 2025.
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Oct 18, 2024 | 
jdsupra.com | Leah Dempsey |John Menges |Michael Pryor
Earlier this year, the Federal Communications Commission (FCC) published a new report and order (“Order”) concerning revocation of consumer consent under the Telephone Consumer Protection Act (TCPA). The new rules revise how consumers may revoke consent they have provided to receive robocalls and robotexts. On Oct. 11, the FCC announced the new rules will take effect on April 11, 2025.
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Oct 1, 2024 | 
mondaq.com | Leah Dempsey
This CLE webinar will guide banking and financial services
practitioners through the recent U.S. Supreme Court decisions in
Loper Bright v. Ramondo, Corner Post Inc. v. Board of
Governors, Cantero v. Bank of America N.A., and
SEC v. Jarkesy. The panel will analyze these decisions and
the influence they may have on the future of banking regulation and
address the potential client impact going forward.
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Sep 27, 2024 | 
mondaq.com | Sarah Johnson Auchterlonie |Leah Dempsey |Joel L. Herberman
On Sept. 17, 2024, the Federal Deposit Insurance Corporation
(FDIC) Board met to finalize an updated approach to increase
scrutiny of bank mergers, particularly those that would result in a
bank with over $100 billion in assets. The Office of the Comptroller of the
Currency (OCC) and the Department of Justice (DOJ) concurrently
issued updated guidance that enhances scrutiny of bank mergers.
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Sep 26, 2024 | 
jdsupra.com | Sarah Johnson Auchterlonie |Leah Dempsey |Joel L. Herberman
On Sept. 17, 2024, the Federal Deposit Insurance Corporation (FDIC) Board met to finalize an updated approach to increase scrutiny of bank mergers, particularly those that would result in a bank with over $100 billion in assets. The Office of the Comptroller of the Currency (OCC) and the Department of Justice (DOJ) concurrently issued updated guidance that enhances scrutiny of bank mergers.
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Sep 20, 2024 | 
mondaq.com | Sarah Johnson Auchterlonie |Leah Dempsey |Zachary S. Pfister |John Menges
On Sept. 17, the Consumer Financial Protection Bureau (CFPB)
published guidance for federal and state consumer
protection enforcement officials to use to prevent banks and credit
unions from charging overdraft fees in certain situations. The
guidance states that a financial institution cannot legally charge
overdraft fees for ATM and one-time debit card transactions if the
financial institution does not have proof of the consumers'
affirmative consent.
