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Two Largest U.S. Cities Adopt Responsible Banking Ordinances

On May 15, the cities of New York and Los Angeles adopted ordinances that will require banks doing business with those cities to report certain information about their banking and lending activities....

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CFPB Plans Study of Bundled Financial Products

Today, the CFPB published a notice indicating that it will review bundled financial products and services. The CFPB is seeking comments on its plans to survey “low-income, underserved consumers” about...

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New York Bankers File Suit To Block Local Responsible Banking Law

On October 11, the New York Bankers Association filed a complaint in the U.S. District Court for the Southern District of New York to block a local ordinance that requires banks doing business with the...

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