CFPB Finalizes Rule Significantly Restricting Credit Card Late Fees
On March 5, the Consumer Financial Protection Bureau issued a Final Rule that would significantly restrict late fees that consumer credit card issuers may charge to a mere $8—representing approximatel...
11 Apr 202421min
What You Need to Know About the CFPB's Campaign Against Junk Fees
The CFPB has launched an aggressive campaign against so-called "junk fees." This year the CFPB has released proposed rules targeting overdraft and non-sufficient funds fees and a final rule targeting ...
25 Mars 202420min
What to Expect in Banking in 2024
The end of 2023 saw a barrage of major proposals and other actions by US banking regulators. Many of these are contentious issues that have divided regulators and generated significant public controve...
27 Feb 202432min
Securitization – What to Expect in 2024
Please join Mayer Brown partners Tameem Zainulbhai, Joanna Nicholas, Melissa Kilcoyne, Evan DeCresce and Jim Antonopoulos for a discussion on What to Expect in 2024 in the fields of structured finance...
8 Feb 202433min
SEC Adopts Conflict of Interest Rule for Asset-Backed Securities
The authors of our recent Legal Update provide an overview of the SEC's (Securities and Exchange Commission) recently adopted rule, which prohibits conflicts of interest in certain securitizations as ...
19 Dec 202331min
Section 1033 Rulemaking: Redefining Access to Financial Data
The Consumer Financial Protection Bureau recently proposed an extensive framework of rules to ensure consumer access to certain information at their financial institutions. The rules would require fin...
14 Dec 202330min
Unresolved Issues with the Corporate Transparency Act
With less than 30 days until the Corporate Transparency Act's beneficial ownership reporting requirement takes effect, questions still abound. While only new entities will be subject to reporting requ...
7 Dec 202342min
Community Reinvestment Act Overhaul: Finalized Changes to CRA Regulations and How They May Affect Banks
The US federal banking regulators recently finalized major changes to their decades-old Community Reinvestment Act (CRA) regulations, which will have significant consequences for many US banks. Please...
30 Nov 202331min
