- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
State banking associations have joined the fight against the CFPB’s new rule that curtails the use of mandated arbitration. They are turning to Senators to kill the rule with the Congressional Review Act.
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During a panel at Compliance Week’s Financial Crimes and Regulatory Compliance Summit, held June 10-11 in New York, experts discussed nuances in bank-financial technology partnerships, offering best practices for how banks should protect themselves.
The Consumer Financial Protection Bureau passed a new rule requiring nonbank financial companies to register consumer protection orders filed against them by other federal agencies, courts, or states.
The Supreme Court rejected a claim that the Consumer Financial Protection Bureau’s funding mechanism is unconstitutional, removing a legal challenge that had the potential to overturn all the agency’s regulations and enforcement actions.
