Searching Content by Calvin Funk from Morrison & Foerster LLP ordered by Published Date Descending.
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Uncharted Waters: California Regulator Issues Draft Commercial Financing Disclosure Regulation
On July 26, 2019, the California Department of Business Oversight (DBO) issued a draft regulation and draft disclosures to implement the state's first-of-its-kind commercial financing disclosure law
United States
2 Oct 2019
Federal Reserve To Create Faster Payments System
On August 5, the Board of Governors of the Federal Reserve System (Board) issued a notice and request for comment (Notice) on its determination that the Federal Reserve Banks (Reserve Banks)
United States
15 Aug 2019
The CFPB's Proposed Rule On Debt Collection
The CFPB's rules will be the first set of comprehensive regulations implementing the FDCPA since it was enacted in 1977.
United States
26 Jul 2019
CFPB Proposes New Rules To Modernize Debt Collection
On May 7, 2019, the Consumer Financial Protection Bureau (CFPB) issued proposed rules ("Proposed Rules") under the Fair Debt Collection Practices Act (FDCPA) and its authority under the Dodd-Frank Act
United States
27 May 2019
California Enacts A First-Of-Its-Kind Commercial Financing Disclosure Law
On September 30, 2018, California Governor Jerry Brown signed into law SB 1235,1 which requires disclosures of key terms in connection with certain commercial financing by non-banks and could impact bank/non-bank arrangements as well.
United States
10 Oct 2018
CFPB Requests Information On Supervision Processes
On February 14, 2018, the CFPB issued a Request for Information seeking comments on improvements to the CFPB's supervision program and "how best to achieve meaningful burden reduction."
United States
22 Feb 2018
Department Of Defense Publishes Amends And Adds Further Guidance On Military Lending Act Regulations
On December 14, 2017, the Department of Defense published final interpretive rules (the "2017 Interpretive Rule") amending previously issued interpretive rules on the Military Lending Act.
United States
20 Dec 2017
CFPB Releases Final Payday Lending Rule
On October 5, 2017, the Consumer Financial Protection Bureau ("CFPB") released its final rule for short-term loans ("Final Rule").
United States
16 Oct 2017
OCC Acting Comptroller Woos Fintech Companies With Remarks On Online Lending
On September 25, 2017, Acting Comptroller of the Currency Keith Noreika discussed online lending and innovation in his keynote remarks prepared for delivery to the Online Lending Policy Summit in Washington, D.C....
United States
4 Oct 2017
Leading On Leads? CFPB Takes Action Against Online Lead Aggregators
On September 6, 2017, the Consumer Financial Protection Bureau (CFPB or "the Bureau") announced that it has taken action against an online lead aggregator.
United States
28 Sep 2017
Faster Payments Task Force Sets Goals And Recommendations For Faster Payments By 2020
On July 21, 2017 the Federal Reserve's Faster Payments Task Force released the Faster Payments Task Force Final Report Part Two.
United States
10 Aug 2017
CFPB Proposes Changes To Prepaid Accounts Rule
On June 15, 2017, the Consumer Financial Protection Bureau ("CFPB") released proposed revisions to its final Prepaid Accounts Rule ("Final Rule").
United States
28 Jun 2017
OCC Guidance Suggests Flexibility For Third-Party Risk Management
The FAQs also confirm the 2013 Bulletin definition of "critical activities" and the OCC's expectation that banks have more comprehensive and rigorous management of third-party relationships...
United States
21 Jun 2017
Parting Shot: Outgoing Administration Releases FinTech White Paper
On January 13, 2017, a week before the change in Administration, the Obama White House issued a white paper entitled "A Framework for FinTech" ("White Paper").
United States
2 Feb 2017
CFPB Makes FinTech Headlines
The Consumer Financial Protection Bureau (the "CFPB" or "Bureau") made headlines in FinTech on October 24, 2016.
United States
9 Nov 2016
What You Need To Know Now About The CFPB's Debt Collection Proposal
On July 28, 2016, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") issued its outline of proposals under consideration for the regulation of debt collection.
United States
10 Aug 2016
A Closer Look At The CFPB's Proposed Short-Term Lending Rule
As we previously reported in our June 3, 2016 client alert, the Consumer Financial Protection Bureau ("CFPB") has issued a Notice of Proposed Rulemaking for short-term loans.
United States
26 Jul 2016
Treasury Issues White Paper On Online Marketplace Lending
On May 10, 2016, the U.S. Department of the Treasury ("Treasury") issued a white paper, entitled "Opportunities and Challenges in Online Marketplace Lending" ("White Paper").
United States
23 May 2016
CFPB Publishes No-Action Letter Policy Statement
On February 22, 2016, the Consumer Financial Protection Bureau ("CFPB" or the "Bureau") published its Final Policy Statement ("Final Policy") on No-Action Letters ("NALs").
United States
3 Mar 2016
CFPB Takes Action Against Lead Aggregators
On December 17, 2015, the Consumer Financial Protection Bureau ("CFPB") announced that it has taken action against lead aggregators that resold sensitive personal information to lenders and debt collectors.
United States
31 Dec 2015
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