ABA Community Banking
MARCH 9, 2022
For nearly 200 years, Millbury National Bank has stayed independent as a commercially focused community bank in Massachusetts. Part of that independent tradition owes to the bank's history of multigenerational stewardship.
CFPB Monitor
APRIL 22, 2021
The OCC has filed a Statement of Recent Decision in Support of Defendants’ Motion for Summary Judgment in the lawsuit filed by state AGs to enjoin the OCC’s final rule (Rule) purporting to override the Second Circuit’s Madden decision as to national banks and federal savings associations. Citing to the U.S.
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CFPB Monitor
FEBRUARY 3, 2021
As a result, the 2020 Rule will likely face an uphill battle to remain intact when reviewed by new HUD leadership. Although set to become effective on October 26, 2020, the 2020 Rule’s effective date has been stayed pursuant to a preliminary injunction entered by a Massachusetts federal district court.
CFPB Monitor
MARCH 4, 2021
A magistrate judge has denied the CFPB’s motion for partial dismissal of the lawsuit filed in a Massachusetts federal district court challenging the creation of the CFPB’s Taskforce on Federal Consumer Financial Law. The plaintiffs in the lawsuit are the National Association of Consumer Advocates (NACA), U.S.
PYMNTS
SEPTEMBER 11, 2019
Massachusetts, Virginia, and New Jersey all have ABC tests codified into law that are similar to California’s, but Uber and Lyft drivers remain classified as independent contractors in those states. That the law has been passed, for example, doesn’t answer how comprehensively the law will be enforced.
CFPB Monitor
SEPTEMBER 22, 2020
The plaintiffs in the lawsuit filed in Massachusetts federal district court challenging the CFPB’s creation of its Taskforce on Federal Consumer Financial Law have filed their opposition to the CFPB’s motion seeking the lawsuit’s partial dismissal. The plaintiffs in the lawsuit are the National Association of Consumer Advocates (NACA), U.S.
CFPB Monitor
AUGUST 20, 2020
The CFPB has filed a motion seeking the partial dismissal of the lawsuit filed in Massachusetts federal district court by the National Association of Consumer Advocates, U.S. Public Interest Research Group, and Professor Kathleen Engel challenging the CFPB’s creation of its Taskforce on Federal Consumer Financial Law.
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