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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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Nov 27, 2024 | 
mondaq.com | Sarah Johnson Auchterlonie |Rosemary Becchi |Gregory A. Brower |Geoffrey G. Burr
The Federal Trade Commission (FTC) is one of the independent
agencies expected to undergo considerable changes in rulemaking
priorities once President-elect Trump enters office. Chairwoman
Lina Khan is expected to step down in the early days of the Trump
administration. Trump will name a Republican acting chairperson,
leading to an equal 2-2 partisan split in the commission until his
nominee for chairperson is confirmed by the Senate.
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Nov 26, 2024 | 
jdsupra.com | Sarah Johnson Auchterlonie |Rosemary Becchi |Melissa Blake
The Federal Trade Commission (FTC) is one of the independent agencies expected to undergo considerable changes in rulemaking priorities once President-elect Trump enters office. Chairwoman Lina Khan is expected to step down in the early days of the Trump administration. Trump will name a Republican acting chairperson, leading to an equal 2-2 partisan split in the commission until his nominee for chairperson is confirmed by the Senate.
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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 1, 2024 | 
law360.com | Sarah Johnson Auchterlonie
By Sarah Auchterlonie (October 1, 2024, 5:56 PM EDT) -- In this Expert Analysis series, attorneys provide quarterly recaps discussing the biggest developments in Colorado banking regulation and policymaking.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
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Oct 1, 2024 | 
law360.co.uk | Sarah Johnson Auchterlonie
ADVERTISEMENT Don't want ads? Subscribe or login now. By Sarah Auchterlonie (October 1, 2024, 5:56 PM EDT) -- In this Expert Analysis series, attorneys provide quarterly recaps discussing the biggest developments in Colorado banking regulation and policymaking....
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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.
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Sep 19, 2024 | 
jdsupra.com | Sarah Johnson Auchterlonie |Leah Dempsey |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.
