TOP NEWS
POLICY & REGULATION
ENFORCEMENT
CFPB Fines Debt Relief Co. $400K For Charging Illegal Fees
By Katryna Perera
The Consumer Financial Protection Bureau on Monday ordered Western Benefits Group to pay a $400,000 civil money penalty and permanently cease operations after finding that the company charged illegal advanced fees for student loan debt relief services and falsely told consumers the advanced fees would be applied toward paying down their debt.
Order attached |
Read full article »
| Save to favorites »
LITIGATION
PEOPLE
EXPERT ANALYSIS
Tiny Tweaks To Bank Merger Forms May Have Big Impact
The impact of proposed changes to the Federal Reserve Board's and Federal Deposit Insurance Corp.'s bank merger review forms would be significant, resulting in hundreds of additional burden hours for bank merger applicants and signaling a further shift by the prudential bank regulators toward more rigorous scrutiny of mergers, say attorneys at Debevoise.
Read full article »
| Save to favorites »
LEGAL INDUSTRY
High Court Ethics Bill In 'High Consideration,' Schumer Says
By Courtney Bublé
Senate Majority Leader Chuck Schumer, D-N.Y., said on Tuesday that a bill to institute an ethics code for the U.S. Supreme Court was in "high consideration" to come before the full Senate for a vote, following the report last week that an upside-down flag, which has become a symbol for former President Donald Trump's claims that the 2020 election was stolen, was flown outside Justice Samuel Alito's house after the attack on the U.S. Capitol a month later.
Letter attached |
Read full article »
| Save to favorites »
|