Searching Content indexed under Consumer Credit by Shearman & Sterling LLP ordered by Published Date Descending.
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US Court Of Appeals For The DC Circuit Declares Structure Of The US Consumer Financial Protection Bureau Unconstitutional
On October 11, 2016, the US Court of Appeals for the DC Circuit declared the structure of the US Consumer Financial Protection Bureau unconstitutional.
United States
26 Oct 2016
European Banking Authority Publishes Final Guidelines On Remuneration Policies For Retail Banking Sales Staff
On September 28, 2016, the EBA published final Guidelines on compensation policies and practices related to the sale and provision of retail banking products and services.
European Union
26 Oct 2016
US Consumer Financial Protection Bureau Director Richard Cordray Presents Agency's Semi-Annual Report To Congress
On April 7, 2016, US Consumer Financial Protection Bureau Director Richard Cordray presented the CFPB's Semi-Annual Report at a hearing before the Senate Committee on Banking, Housing and Urban Affairs.
United States
25 Apr 2016
UK Regulator Calls For Input On Retained Provisions Of The Consumer Credit Act
On February 18, 2016, the FCA issued a Call for Input on the retained provisions of the CCA. Responsibility for regulating consumer credit markets was transferred to the FCA in April 2014.
9 Mar 2016
UK Regulator Publishes Proposed Guidance On Enforcing Security And Default Notices Under The Consumer Credit Act
On February 19, 2016 the FCA published proposed guidance on enforcing security under the Consumer Credit Act and when a default notice is required to be issued.
8 Mar 2016
US Consumer Financial Protection Bureau Finalizes Policy To Facilitate Consumer-Friendly Innovation
The CFPB views this initiative as an important aspect of fulfilling its mandate under the Dodd-Frank Act to provide all consumers access to fair, transparent, effective, and innovative markets.
United States
8 Mar 2016
UK To Review Financial Advice Market
A consultation is expected to begin around the start of Q3 2015 and proposals are expected to be produced before the Budget is announced in 2016.
10 Aug 2015
Financial Regulatory Developments - April 21, 2015
Financial Regulatory Developments - April 21, 2015
United States
24 Apr 2015
US Consumer Financial Protection Bureau Considers Proposal To End Payday Debt Traps
On March 26, 2015, the US Consumer Financial Protection Bureau announced that it is considering proposing rules that would require lenders to ensure that consumers can repay their loans.
United States
15 Apr 2015
Consumer Financial Protection Bureau Seeks Public Comment On Review Of Credit Card Market
The CFPB will publish a public report of its findings with Congress on the state of the consumer credit card market. Results of the inquiry will also inform future CFPB regulations on the consumer credit card market.
United States
8 Apr 2015
US Federal Deposit Insurance Corporation Issues Proposal Amending Regulations Related To "Fair Credit Reporting"
On January 21, 2015, the FDIC issued a proposed rule amending regulations related to "Fair Credit Reporting."
United States
10 Feb 2015
Federal Agencies Issue Joint Announcement On Increases In Dollar Thresholds In Regulations Z And M For Exempt Consumer Credit And Lease Transactions
The Federal Reserve Board and the CFPB announced amendments to both Regulation M (Consumer Leasing) as well as Regulation Z (Truth in Lending).
United States
23 Sep 2014
Federal Reserve Board Issues Proposal To Repeal Regulation AA
On August 22, 2014, the Federal Reserve Board issued a proposal to repeal Regulation AA (Unfair or Deceptive Acts or Practices).
United States
4 Sep 2014
US Federal Agencies Issue Guidance For Home Equity Lines Of Credit Nearing End-Of-Draw Periods
Federal Reserve Board and others issued guidance regarding home equity lines of credit ("HELOCs") which were nearing their "end-of-draw" periods.
United States
29 Jul 2014
CFPB Issues Guidance For Mortgage Brokers Transitioning To A "Mini-Correspondent" Lender Model
On 11 July 2014, the Consumer Financial Protection Bureau issued guidance for mortgage brokers transitioning to a "mini-correspondent" lender model.
United States
28 Jul 2014
CFPB Orders GE Capital To Pay $225 Million In Consumer Relief For Deceptive And Discriminatory Credit Card Practices
The CFPB ordered GE Capital Retail Bank to provide an estimated $225 million in relief to consumers harmed by discriminatory credit card practices.
United States
8 Jul 2014
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