Natalie Fleming Nolen

Jul 9, 2024 | jdsupra.com | Natalie Fleming Nolen |Jordan Hare |Jeremy Mandell

On July 1, 2024, the U.S. Supreme Court issued a decision in Corner Post, Inc. v. Board of Governors of the Federal Reserve System, holding that an Administrative Procedure Act (APA) claim does not accrue for purposes of the APA’s six-year statute of limitations until the plaintiff is injured by final agency action.

Jun 7, 2024 | jdsupra.com | Natalie Fleming Nolen |Jiang Liu |Seth Lloyd

On May 30, 2024, the U.S. Supreme Court held in a unanimous decision that the preemption standard codified in section 1044 (12 U.S.C. § 25b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) requires courts to conduct a “nuanced comparative analysis,” consistent with the analysis performed in Barnett Bank of Marion County, N.A. v.

May 20, 2024 | jdsupra.com | Maria Earley |Natalie Fleming Nolen |Seth Lloyd

On May 16, 2024, the U.S. Supreme Court held in a 7-2 decision that the funding structure of the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) complies with the Appropriations Clause of the United States Constitution. Justice Thomas wrote the majority opinion with separate concurrences written by Justices Kagan and Jackson. Justice Alito, joined by Justice Gorsuch, dissented.

Mar 14, 2024 | jdsupra.com | Natalie Fleming Nolen |Jeremy Mandell

On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) announced the issuance of its final rule to amend Regulation Z and further restrict credit card late payment fees (the “Final Rule”). With certain material differences discussed herein, the Final Rule tracks the CFPB’s proposal from March 2023 (the “Proposed Rule”). The Final Rule continues the CFPB’s efforts to regulate so-called “junk fees” in financial products and services.