U.S. Courts News Reporter
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The Petitions of the Week column highlights a selection of cert petitions recently filed in the Supreme Court. A list of all petitions we’re watching is available here.
For the second time in just over three years, the Supreme Court may determine the future of the federal watchdog agency that seeks to protect consumers in the financial sector.
Three terms ago in Seila Law v. Consumer Financial Protection Bureau, the justices ruled by a vote of 5-4 … Read the rest
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The court’s newest justice, Ketanji Brown Jackson, omitted information regarding reimbursements and teaching income when she filed her 2014 and 2016 financial disclosures as a federal district court judge. On a newly released disclosure form, Jackson wrote that she “inadvertently omitted” the information from the previous years’ forms.
Jackson’s new disclosure form, known as a “nomination filing,” was first revealed by the watchdog group Fix the Court on Wednesday. On it, Jackson noted that she did not report $ … Read the rest
After a two-year hiatus from in-person outreach programs due to COVID-19, bankruptcy judges are returning to classrooms to teach students how to manage personal finances with informed planning and decision-making.
Judiciary News – United States Courts… Read the rest
So you’re a fintech startup, buying a fintech company, or expanding the technical capabilities of your financial business. Or you’re a tech company that is getting into the payments space. Where do you start when it comes to figuring out what consumer protection laws apply to you? You should be aware that, for the past several years, the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have been actively enforcing consumer protection laws in the fintech space. … Read the rest
As anticipated, the Office of the Comptroller of the Currency, the Federal Reserve Board, and the FDIC recently approved and released the Final Rule Requiring Computer-Security Incident Notification (“Final Rule”). The Final Rule is designed to promote early awareness and stop computer security incidents before they become systemic. It places new reporting requirements on both U.S. banking organizations, as well as bank service providers. We have blogged repeatedly on the pernicious issue of ransomware.
The Final Rule applies to “banking organizations”