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House Financial Services Committee to Consider H.R. 7866 and the Intended Scope of DIDMCA’s Opt-Out Provision

By Alan S. Kaplinsky & Burt M. Rublin on September 1, 2026

Posted in Fair Lending, Fintech, State Banks, State Regulation

Hearing will focus on whether Section 525 permits an opt-out state to regulate loans made by out-of-state state banks

On Wednesday, September 2, the House Financial Services Committee will hold a hearing entitled “Strengthening the American Economy: Promoting Growth, Opportunity, and Prosperity.” The hearing will begin at 10:00 a.m. ET in Room 2128 of the Rayburn House Office Building.… Continue Reading

CFPB changes direction in enforcement action; Mulvaney names senior advisor

By Alan S. Kaplinsky on December 4, 2017

Posted in CFPB Enforcement, Regulatory and Enforcement

A new filing by the CFPB in its action against Nationwide Biweekly Administration Inc. may be an indicator of the enforcement philosophy of Mick Mulvaney, President Trump’s designee as CFPB Acting Director, and how that philosophy may impact future CFPB enforcement activity. In addition to a 30-day freeze on all regulatory action, CFPB hiring, and payments from the civil penalty fund, Mr.… Continue Reading