Court cases

Fed may change stress test grading; Amex wins

06/26/18

Pass/fail may be replaced by public capital ratio; high court allows company to prevent merchants from favoring other cards.

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Housing fund can’t be barred from competing in Washington state: Court

06/25/18

An appeals court has rejected claims by a Washington state housing finance agency that the National Homebuyers Fund is limited to operating in California.

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Court says CFPB structure is unlawful; Stress tests aced

06/22/18

Judge says agency should not exist; the Fed says the largest banks are “strongly capitalized” and could withstand a severe crisis.

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Top woman banker leaving BofA; appeals court tosses trader conviction

05/04/18

The bank’s head of global capital markets is joining a private equity firm; Jefferies mortgage bond trader is freed from prison.

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Hensarling taps the brakes; Who is David Solomon?

03/16/18

House Republicans want more aggressive changes to Senate’s Dodd-Frank rollback bill; papers scrutinize the heir apparent to Lloyd Blankfein.

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Federal appeals court rules CLOs exempt from risk retention

02/09/18

A three-judge panel for the D.C. Circuit Court of Appeals has sided with the LSTA in its lawsuit seeking to reverse rules requiring CLO managers to hold "skin in the game" under Dodd-Frank.

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CFPB deputy foiled again; Big changes to CRA

01/11/18

Judge again throws out Leandra English’s attempt to take over agency; planned revamp may ease banks’ lending requirements to the poor.

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Retailers score latest win in fight to allow credit card surcharges

01/03/18

Merchants have been challenging surcharge bans in numerous states on free-speech grounds. They have the wind at their backs following another court victory on Wednesday.

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OCC warns Wells Fargo; Mulvaney wins

11/29/17

Bank faces a formal enforcement action for problems in mortgages and auto insurance; Judge throws out lawsuit, although plaintiff promises an appeal.

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House panel approval of rate-cap workaround a win for online lenders

11/15/17

A bill that would ensure fintechs can continue to partner with banks to make loans at interest rates that exceed state caps drew some bipartisan support on Wednesday, despite opposition by consumer groups.

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