On February 12th, Senator Bernie Moreno (R-OH) and Representative Warren Davidson (R-OH) introduced the American Lending Fairness Act of 2026, legislation designed to restore long-standing federal interest rate exportation authority for state-chartered banks and credit unions engaged in interstate lending. The bill directly responds to the Tenth Circuit’s controversial 2-1 decision in National Association of Industrial Bankers v.… Continue Reading
state national bank
CFPB files another motion to dismiss in D.C. case challenging Cordray appointment
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
Because it includes a challenge to Director Cordray’s appointment, we continue to follow the case filed this past June in federal court in Washington, D.C. by State National Bank of Big Spring against the CFPB, the Department of Treasury, Richard Cordray, and a number of other federal officials. The original plaintiffs also included two non-profit organizations in the metropolitan Washington, D.C.… Continue Reading
Request filed to add more state AG plaintiffs in DC case challenging Director Cordray’s appointment
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
Another case we have been following that includes a challenge to Director Cordray’s appointment is the case filed this past June in federal court in Washington, D.C. by
State National Bank of Big Spring against the CFPB, the Department of Treasury, Richard Cordray, and a number of other federal officials. … Continue Reading