Fifth Circuit Remands Short Sale Disclosure and Securities Lending Rules to SEC for Further Economic Analysis

A three-judge panel of the Fifth Circuit Court of Appeals remanded the SEC’s short sale disclosure and securities lending reporting final rules, without vacatur, for further economic analysis (National Association of Private... Read more »

SEC to Review Short Sale Disclosure and Securities Lending Rules After Remand from Fifth Circuit

After the Fifth Circuit Court of Appeals remanded the SEC’s short sale disclosure and securities lending reporting final rules for further economic analysis, SEC Chairman Paul Atkins directed SEC staff to evaluate... Read more »

Massachusetts AG Settles AI Fair Lending Allegations Against Student Loan Lender

The Massachusetts Attorney General settled allegations against student loan lender Earnest Operations LLC for practices that violated various state and federal consumer protection and fair lending laws, including the use of artificial... Read more »

HUD Issues RFI on Buy Now Pay Later (BNPL) Lending

The Department of Housing and Urban Development (HUD) issued a Request for Information to better understand the implications of Buy Now Pay Later lending on housing affordability and stability. Source link Read more »

CFPB Further Extends Small Business Lending Data Collection Rule Compliance Dates and First Filing Deadlines

The Consumer Financial Protection Bureau (CFPB) has further extended the compliance dates and first filing deadlines for, and made other revisions to, its final small business lending data collection rule. The CFPB... Read more »

CFPB Continues Rollback of Fair Lending

The Consumer Financial Protection Bureau has entered an order that terminates early a 2021 consent order with Trustmark National Bank and dismisses the underlying redlining case with prejudice. Source link Read more »

The Monticello Banking Company v. CFPB: Kentucky District Court Stays Litigation Challenging Small Business Lending Data Collection Rule

A Kentucky district court has stayed litigation challenging the small business lending data collection rule issued by the Consumer Financial Protection Bureau (CFPB) as mandated by the amendment of the Equal Credit... Read more »

100 Days: Finance Attorneys' Views on Transactional Lending Practice

This update explores the shifting landscape of transactional lending and business strategies amid economic uncertainty driven by new tariff policies, as revealed to Practical Law Finance in a series of anonymous off-the-record... Read more »

CFPB Announces No Small Business Lending Data Collection Rule Enforcement or Supervision Actions

The Consumer Financial Protection Bureau (CFPB) has announced it will not prioritize enforcement or supervision actions regarding the small business lending data collection rule it issued as required by the amendment of... Read more »

Revenue Based Finance Coalition v. CFPB: CFPB Advises of New Small Business Lending Data Collection Rulemaking

The Consumer Financial Protection Bureau (CFPB) has indicated its intention to initiate a new rulemaking to effect the small business lending data collection mandated by the amendment of the Equal Credit Opportunity... Read more »
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