Mercedes Tunstall

1 week ago | jdsupra.com | Mercedes Tunstall

Since our last report on what is happening with the Consumer Financial Protection Bureau (“CFPB”) during this administration, we have seen the Trump nominee for Director of the CFPB retracted from consideration in front of the Senate and an effective deadlock on the case brought by the National Treasury Employee Union (“NTEU”) seeking to prevent CFPB Acting Director Russell Vought from firing up to 90% of CFPB staff.

2 weeks ago | jdsupra.com | Mercedes Tunstall

As we reported previously (click here), the Maryland Office of Financial Regulation (“OFR”) issued emergency regulations this past January which indicated that passive trusts holding residential mortgage loans, even those used as part of securitizations, needed to hold Maryland mortgage lender licenses.

2 weeks ago | mondaq.com | Mercedes Tunstall

As if the saga of litigation involving the Consumer FinancialProtection Bureau ("CFPB") and National Collegiate MasterStudent Loan Trusts ("NCSLT") that has been going onsince 2017 has not been protracted and complicated enough, on April29, 2025, the CFPB and the entities that represent the interests ofNCSLT jointly stayed the settlement that had finally been reachedbetween the parties.

2 weeks ago | mondaq.com | Peter Y. Malyshev |Mercedes Tunstall |Daniel E. Meade

In the post-pandemic world, several trends are developing thatwill fundamentally change the way financial market participantsmanage commercial risk or trade traditional and rapidly evolvingnovel assets, while new classes of participants are necessitating afundamental rethink of how Federal and State regulators ensuresafety and soundness of U.S. financial markets. This articleidentifies these trends and explores how these changes are likelyto affect future regulations and compliance needs.

3 weeks ago | jdsupra.com | Mercedes Tunstall

As if the saga of litigation involving the Consumer Financial Protection Bureau (“CFPB”) and National Collegiate Master Student Loan Trusts (“NCSLT”) that has been going on since 2017 has not been protracted and complicated enough, on April 29, 2025, the CFPB and the entities that represent the interests of NCSLT jointly stayed the settlement that had finally been reached between the parties.