Securities and Exchange Commission Chairman Jay Clayton testified before the Financial Services and General Government Appropriations Subcommittee to outline the agency’s budget request for fiscal year 2018.

Commodity Futures Trading Commission Acting Commissioner J. Christopher Giancarlo highlighted his agency’s plans for streamlining its processes and accounting for advancements in fintech while testifying before the Financial Services and General Government Appropriations Subcommittee. 

The “Lenders Executive Panel” discussion during the 2017 National Settlement Services Summit in San Antonio featured expert insight about regulations, examinations, cybersecurity and third-party management, among other topics facing the housing marketplace. The panel of highly respected executives also tackled what companies can do to ensure they are prepared for what the future holds. 

BuckleySandler Partner Ben Olson and Associate Brandy Hood noted, while speaking with Dodd Frank Update , that much of the changes included in the Consumer Financial Protection Bureau’s TRID amendments will be positive for the industry in the long run, although other news about the amendments may leave them feeling like they would after a poorly timed Hollywood cliffhanger. 

The Consumer Bankers Association and the Independent Community Bankers of America expressed support for specific legislative proposals for regulatory relief discussed during a recent hearing of the House Financial Services Committee. 

The Consumer Financial Protection Bureau  has appointed new consumer experts from outside the federal government to serve on its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council and Academic Research Council. 

Ruling that the credit reporting company violated multiple provisions of the Fair Credit Reporting Act, a federal court ordered TransUnion to pay $60 million in statutory and punitive damages. 

The Consumer Financial Protection Bureau’s final rule amending its TILA-RESPA Integrated Disclosure mortgage requirements has garnered a lukewarm reception from the industry. 

The days of arbitration being the go-to, cost-effective method for financial companies to resolve lawsuits with consumers could come to an end if a new rule released by the Consumer Financial Protection Bureau is implemented. Ballard Spahr Practice Leader Alan Kaplinsky and BuckleySandler Partner Ben Olson spoke with Dodd Frank Update about the implications of the rule, which prohibits companies from using arbitration agreements that disallow their customers from joining class action lawsuits.