CFPB, Federal Agencies, State Agencies, and Attorneys General
The American College is now inviting nominations of outstanding lawyers who have achieved preeminence in consumer financial services law. Nominees must:
Thirty-two attorneys general representing states, territories and Washington, D.C. are asking Congress to pass legislation to provide financial institutions a safe harbor if they provide services to marijuana-related businesses in states where cannabis is legal.
“Numerous state cannabis regulatory agencies have reported they have been turned away by the financial institutions that regularly service those agencies for other needs when the agencies have sought to bank cannabis licensees’ tax and other payments,” the AGs wrote in a letter to Congressional leaders and chairmen and ranking members of House and Senate committees dealing with banking issues.… Continue Reading
I am pleased to report that Ballard Spahr’s Consumer Financial Services Group was once again ranked nationally by Chambers USA: America’s Leading Lawyers for Business in all three national consumer finance categories: Compliance, Enforcement and Investigations, and Litigation. Chambers has year-after-year ranked our Consumer Financial Services Group ever since it began ranking firms in the U.S.… Continue Reading
We are very proud to report that podcast database service Million Podcasts has ranked Ballard Spahr’s Consumer Finance Monitor podcast in the top 25 among hundreds of financial services podcasts nationally. The service recently published a list of the top 100 financial services podcasts.
Consumer Finance Monitor also ranks as the top law firm podcast among the top 100 financial services podcasts, as well as the only one focused on consumer financial services.… Continue Reading
The short answer is that the outcome of the Supreme Court hearing (whose oral argument is scheduled for May 15 at 10 am) is of immense importance to all stakeholders in the consumer financial services industry. We will explain why that is the case.
The Fourteenth Amendment states: “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”… Continue Reading
It is all but certain that Rep. French Hill, R-Ark., will chair the House Financial Services Committee in the next Congress. Hill was selected on December 12 by the House Republican steering committee, although his selection still must be approved by House Republicans in the next Congress. That approval is considered to be pro forma.… Continue Reading
Unsigned Terms and Conditions found in a preprinted car rental jacket are part of the contract between the parties under Florida, Arizona and Colorado law because they were properly incorporated by reference into the signed rental receipt, the 11th Circuit Court of Appeals ruled Thursday.
The case, Calderone v. Sixt Rent a Car, stems from allegations that Sixt did not follow the Terms and Conditions in its rental jacket when charging renters for auto repairs. … Continue Reading
I am pleased to report that Ballard Spahr’s Consumer Financial Services Group was once again ranked nationally by Chambers USA: America’s Leading Lawyers for Business in all three national consumer finance categories: Compliance, Enforcement and Investigations, and Litigation. Chambers has consistently ranked our Consumer Financial Services Group ever since it began ranking firms in the U.S. … Continue Reading
On May 2, 2024, the Committee on Judicial Review of the Administrative Conference of the United States (“ACUS”), an independent federal agency tasked with improving government operations, approved a recommendation that judicial review of agency rulemaking be directed to federal appellate courts and that lawsuits challenging agency rules in district courts should be subject to district-wide assignment to avoid forum shopping. … Continue Reading
CFPB Director Rohit Chopra has released a statement about the proposal issued by the Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Federal Housing Finance Agency to address incentive-based compensation arrangements. The rulemaking is required by Section 956 of the Dodd-Frank Act, which directed the FDIC, OCC, FHA, as well as the Federal Reserve Board, National Credit Union Administration, and U.S.… Continue Reading
