In the lawsuit challenging the CFPB’s final credit card late fee rule (Rule), the Fifth Circuit has denied the CFPB’s petition for a panel rehearing to reconsider the panel’s order vacating the district court’s order transferring the case to the U.S. District Court for the District of Columbia and issuing a writ of mandamus directing the district court to reopen the case.
The bureau alleges two student loan servicers violated the Consumer Financial Protection Act.
(Reuters) - U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday.
ST. PAUL, Minn. — In the early morning of Saturday, May 4th, the Minnesota Senate passed Senate File 4699, the Health and Human Services omnibus bill, which contained several pieces of legislation authored by Senator Liz Boldon (DFL-Rochester). Most notable, the bill includes provisions from her Minnesota Debt Fairness Act and several proposals relating to mental healthcare.
(CN) — The Federal Trade Commission’s decision to invalidate virtually all employee noncompete agreements — including ones already in place that cover 30 million workers — will mean big changes in the workplace as businesses seek new ways to protect themselves against employees taking valuable information when they leave to join a rival.
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