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Magistrate judge denies CFPB’s motion for partial dismissal of lawsuit challenging creation of Taskforce on Federal Consumer Financial Law

CFPB Monitor

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.

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CFPB moves for partial dismissal of lawsuit challenging creation of Taskforce on Federal Consumer Financial Law

CFPB Monitor

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.

Meeting 78
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Plaintiffs file opposition to CFPB’s motion to partially dismiss lawsuit challenging Taskforce on Federal Consumer Financial Law

CFPB Monitor

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.

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What’s Next For California’s Gig Economy After AB 5

PYMNTS

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.

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CFPB’s Taskforce on Federal Consumer Financial Law releases report

CFPB Monitor

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Equal access to credit.

Report 78
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GonzoBanker Awards 2017

Gonzobanker

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. One word can summarize this action-packed banking year, GonzoBankers – tiring.

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US Considers AI Regulation For Foreign Countries

PYMNTS

government is looking to find a way to regulate artificial intelligence (AI) so other countries can’t use the technology against it. David Edelman, a former adviser to president Barack Obama who leads research on technology and public policy issues at the Massachusetts Institute of Technology. A new proposal shows that the U.S.