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Banking News
Survey: Banks Ramp Up Efforts to Protect Older Americans from Financial Abuse (11/19/2019) 
As the population of older Americans continues to grow—and with seniors increasingly the targets of scams—a majority of banks are responding by offering training for frontline staff on how to prevent elder financial exploitation.
 
Supreme Court: CFPB Director Must Be Removable ‘At Will’ (6/30/2020) 
The Supreme Court held that the CFPB may continue to operate but the director must be at will.
 
Supreme Court Upholds Rule Requiring Overtime for Loan Officers (3/10/2015) 
The Supreme Court yesterday upheld a Department of Labor rule that required banks to pay mortgage loan officers overtime, finding in a unanimous decision that the Administrative Procedures Act does not require federal agencies to employ notice-and-co
 
Supreme Court OKs DOL Position that MLOs Arent Exempt under FLSA (3/17/2015) 
On March 9, the U.S. Supreme Court issued its decision in the case brought by the Mortgage Bankers Association challenging the Department of Labor’s 2010 interpretation that mortgage loan officers were not eligible for the administrative exemption un
 
Supreme Court Lets Interchange Decision Stand (1/21/2015) 
The Supreme Court has declined to hear a challenge by the retail industry to the Federal Reserve Board’s debit interchange fee cap rule.
 
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