The Consumer Financial Protection Bureau dropped its appeal in a case in which PayPal Holdings, Inc., challenged a 2019 rule extending fee disclosure requirements for prepaid card products to digital wallets as well.

The Federal Deposit Insurance Corp. ordered Discover Bank of Greenwood, Del., to distribute at least $1.225 billion to merchants adversely affected by the bank’s misclassification of millions of consumer credit cards as commercial. The bank’s parent holding company, Discover Financial Services, was fined $100 million in a concurrent order.

The Consumer Financial Protection Bureau announced the latest in a string of dropped court cases under the Trump administration with its decision to voluntarily dismiss a lawsuit against the holding company for Horizon Card Services and its CEO, alleging deceptive marketing strategies targeting low-income Americans.

In our third episode of Season 2 of the Keys to Real Estate podcast, October Research Chief Knowledge Officer Mary Schuster spoke with two industry veterans with plenty of insight about employee recruitment and retention - Mary Anne Harris, founder of Real Estate Closing Path, and Donna Anderson, vice president and agency development manager at CATIC.

A pair of credit unions with a long history serving the aviation industry are planning a merger to improve service, sustainability and growth potential. The combining of Ent Credit Union of Colorado and Wings Credit Union of Minnesota will result in one institution with approximately $19.6 billion in total assets serving nearly one million members.

Another chapter was written in the ongoing legal saga concerning the embattled Consumer Financial Protection Bureau last week. Shortly after a federal court partially lifted a court order preventing mass firings at the bureau, the Trump administration resumed its plans to gut the agency, prompting the courts to intervene again.

Federal banking regulators granted conditional approval for a $35.3 billion merger agreement through which Capital One Financial Corp. will acquire and merge with Discover Financial Services. As a condition of regulatory approval, Discover must settle any outstanding enforcement actions against the company.

The Federal Deposit Insurance Corp. announced a newly modified approach to resolution planning for large banks geared toward focusing on the most relevant operational information for safety and soundness considerations.

All eyes are on the Federal Reserve as concerns about the economic implications of recent policy changes regarding trade and other factors proliferate among consumers and business leaders. Read about these developments and more in this regulatory roundup.