CFPB Monitor

AUGUST 25, 2020

The central allegations in the new complaint generally track those made in the lawsuit against the OCC. The plain language of the governing federal statute applies only to interest that an FDIC-insured state bank may charge. The FDIC’s rule purports to regulate activities of non-banks which are beyond the FDIC’s jurisdiction.

FDIC 78

FDIC District of Columbia North Carolina Illinois 78

CFPB Monitor

DECEMBER 18, 2020

The Attorneys General of California, Illinois, and New York have filed a motion for summary judgment in their lawsuit filed against the Office of the Comptroller of the Currency (OCC) to enjoin the OCC’s final rule purporting to override the Second Circuit’s Madden decision as to national banks and federal savings associations.

FDIC 78

FDIC District of Columbia North Carolina New Jersey 78

CFPB Monitor

JANUARY 5, 2021

federal district court to block the OCC from granting a national bank charter to Figure Technologies Inc. According to CSBS, Figure’s charter application is intended to further “the OCC’s stated goal of deliberately maneuvering around the adverse [New York federal district court ruling in Vullo v.

Conference 78

Conference Technology District of Columbia FDIC 78