The en banc Tenth Circuit continues to receive substantial support for affirming the district court’s decision in National Association of Industrial Bankers v. Weiser, the closely watched case addressing the scope of the opt-out provision in Section 525 of the Depository Institutions Deregulation and Monetary Control Act’s (“DIDMCA”), which empowers a state to opt out of the interest rate provisions in Section 521 of DIDMCA with respect to “loans made in such State.”… Continue Reading
chamber of commerce
Director Cordray rehashes history behind CFPB’s creation and its final regulations
By Alan S. Kaplinsky on
Posted in CFPB Enforcement, Regulatory and Enforcement
On March 30, Director Cordray gave his annual speech to the United States Chamber of Commerce’s 11th Annual Capital Markets Summit. His prepared remarks focused on the CFPB’s role in adopting regulations.
He spoke at length about the factors involved in the economic meltdown and how Congress responded, in part, by creating the CFPB. … Continue Reading