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Legaltech News

Not Everyone Is Happy About Latest Fintech Charter Proposal

Many traditional financial institutions, trade groups and regulators are seeking more clarity on regulations or outright opposing the OCC's proposal.
8 minute read

National Law Journal

Not Everyone Is Happy About Latest Fintech Charter Proposal

Public comments are now available on a new set of draft guidelines dealing with special purpose bank charters for fintechs.
8 minute read

Corporate Counsel

Not Everyone Is Happy About Latest Fintech Charter Proposal

Public comments are now available on a new set of draft guidelines dealing with special purpose bank charters for fintechs.
8 minute read

National Law Journal

How a Prepaid Card Company Emerged as a 'Major Opponent' to CFPB

Netspend and its parent company Total System Services have spent hundreds of thousands of dollars lobbying on prepaid card rules and other regulatory matters. The two companies are not backing down. Netspend is pushing the Consumer Financial Protection Bureau to delay its new rule, and on Capitol Hill, Total System Services is jumping into an effort, sponsored by Republican lawmakers, to tear up the new regulation.
15 minute read

Daily Report Online

How a Georgia Company Emerged as a 'Major Opponent' to CFPB

Netspend and its parent company Total System Services have spent hundreds of thousands of dollars lobbying on prepaid card rules and other regulatory matters. The two companies are not backing down. Netspend is pushing the Consumer Financial Protection Bureau to delay its new rule, and on Capitol Hill, Total System Services is jumping into an effort, sponsored by Republican lawmakers, to tear up the new regulation.
14 minute read

National Law Journal

How a Prepaid Card Company Emerged as a 'Major Opponent' to CFPB

Netspend and its parent company Total System Services have spent hundreds of thousands of dollars lobbying on prepaid card rules and other regulatory matters. The two companies are not backing down. Netspend is pushing the Consumer Financial Protection Bureau to delay its new rule, and on Capitol Hill, Total System Services is jumping into an effort, sponsored by Republican lawmakers, to tear up the new regulation.
15 minute read

National Law Journal

CFPB Faces 'Rock and a Hard Place' in Pushing Arbitration Rule

The question hanging over the CFPB's arbitration rule—a proposal that drew tens of thousands of comments from consumer and business advocates—is less now about the finer points of the final rule than about whether the regulations will ever see the light of day at all. For the agency, the threat of a congressional override is not abstract. Republican lawmakers in the House and Senate proposed bills to tear up the CFPB's prepaid card rule.
17 minute read

Corporate Counsel

CFPB Faces 'Rock and a Hard Place' in Pushing Arbitration Rule

The question hanging over the CFPB's arbitration rule—a proposal that drew tens of thousands of comments from consumer and business advocates—is less now about the finer points of the final rule than about whether the regulations will ever see the light of day at all. For the agency, the threat of a congressional override is not abstract. Republican lawmakers in the House and Senate proposed bills to tear up the CFPB's prepaid card rule.
17 minute read

New York Law Journal

A Practitioner's Guide to Understanding Interest

In their Mortgage Litigation column, Adam Leitman Bailey and Dov Treiman write: While on its surface, the concept of "interest" appears to be a simple matter of calculating a percentage of what someone owes, the legal development of interest in New York law shows far greater complexity beneath the surface and far greater importance in understanding the amount of money that can be charged and collected.
28 minute read

Daily Business Review

Wall Street Cop Said to Purge Contractors as Budget Fight Looms

Facing possible budget cuts under President Donald Trump, the U.S. Securities and Exchange Commission is eliminating dozens of contractors hired to help root out Wall Street fraud, said two people with knowledge of the matter.
5 minute read

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More from ALM

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