22 10, 2021


2023-06-05T14:05:52-04:00October 22nd, 2021|3- This Week|

New Consumer Cop Takes the Stage

Later this week, CFPB Director Chopra will appear before both the Senate Banking and House Financial Services Committees.  Each will use the newly-confirmed director’s debut as a platform on which to elicit promises for future action or oppose the same on each Member’s priority concerns.  Mr. Chopra may also use his testimony to chart a new course, expanding on initiatives launched by Acting Director Uejio and announcing new rules, policies, and enforcement program no acting official could set fully in motion.  We’ll of course provide clients with in-depth reports on Director Chopra’s testimony and what Congress has to say about it.


2 09, 2021


2023-08-22T12:51:44-04:00September 2nd, 2021|2- Daily Briefing|

BIS Advances CBDC Cross-Border Settlement
Continuing CBDC work sure to put still more pressure on the Fed to advance its own efforts, the BIS today announced a flagship pilot with three major central banks testing a DLT-based approach to cross-border settlement.

Uejio Defends Demographic, Price Data Demand
Following release of its small business data collection proposal, CFPB Acting Director Uejio late yesterday confirmed our assessment that the CFPB wants HMDA-like demographic and price data for small business lending.

DOJ Takes New, Tough Tack on Small Regional M&A
Although the asset and branch divestitures in the BancorpSouth/Cadence merger are relatively standard, the Department of Justice announcement today emphasized the pro-competition position germane even to rural and small-bank mergers laid out in President Biden’s recent executive order (see Client Report MERGER6).


1 09, 2021


2023-08-22T12:59:13-04:00September 1st, 2021|2- Daily Briefing|

Affordable Rentals, Manufactured Housing Get Boost from White House, FHFA
The Biden Administration today announced a raft of housing policy changes to boost affordable housing.

Gensler Tells EU: SEC to Press Crypto, Climate, Digital-Brokerage Regs
In comments to EU legislators today, SEC Chairman Gensler not only stood by his ambitious agenda, but also placed it in the broad context of global developments.

CFPB Announces Sweeping Plan to Gather HMDA-Style Data for Small-Business Lending
Following through on Acting Director Uejio’s pledge to quickly implement Dodd-Frank mandated small-business lending data collections after these were slow walked under former Director Kraninger, the CFPB today proposed to require lenders to disclose detailed information in this sector going well beyond the simple requirements in traditional ECOA reports.


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