The Asia-Pacific (APAC) private credit market is projected to grow from US$59 billion in 2024 to US$92 billion by 2027, according to a new report from the Alternative Investment Management Association (AIMA),... Read more »
The US District Court in the Eastern District of Texas granted a request by the parties in Cornerstone Credit Union League, et al., v. Consumer Financial Protection Bureau to vacate a CFPB... Read more »
The Consumer Financial Protection Bureau terminated a consent order settling allegations that Navy Federal Credit Union engaged in illegal overdraft practices in violation of the Consumer Financial Protection Act . Source link Read more »
In the One Big Beautiful Bill Act (OBBBA), Congress raised the dollar amount of 45Q tax credits available for enhanced oil recovery (EOR) projects that sequester carbon dioxide (CO2). Source link Read more »
The Consumer Financial Protection Bureau has announced it does not intend to enforce its BNPL Interpretive Rule. Source link Read more »
The US District Court for the Northern District of Texas vacated the Consumer Financial Protection Bureau’s (CFPB) Credit Card Penalty Fees rule, which amended Regulation Z to ban excessive credit card late... Read more »
This Law Firm Publication by Troutman Pepper Locke discusses the Federal Housing Finance Agency’s termination of special purpose credit programs (SPCPs) supported by the government-sponsored enterprises Fannie Mae and Freddie Mac. Source... Read more »
This law firm publication by Troutman Pepper Locke discusses bipartisan legislation, introduced by Senators Sanders (I-VT) and Hawley (R-MO), that would immediately cap credit card interest rates at 10% for a period... Read more »
The Consumer Financial Protection Bureau (CFPB) issued a final rule that bans creditors from obtaining or using medical debt information for credit eligibility determinations and prohibits consumer reporting agencies from including medical... Read more »
This Law Firm Publication by Troutman Pepper discusses a significant development in the ongoing litigation over the CFPB Final Rule on credit card late fees. The US District Court for the Northern... Read more »