FINANCIAL SERVICES REPORT
Quarterly News Summer 2016
IN THIS ISSUE
Editor’s Note
It’s summertime and, as Gershwin said,
the livin’ is easy. Looking for a little
beach reading? How about 1,333 pages
of CFPB-proposed payday lending
rulemaking hot off the presses? Or a
relatively paltry 377 pages of
CFPB-proposed rules to ban class
waivers in arbitration agreements and
impose reporting requirements on
individual arbitrations?
If that’s not racy enough, check out the
Federal Reserve Board’s rules on
single-counterparty credit limits or the
Supreme Court’s Spokeo ruling.
It’s all in here, along with the latest on
mortgage, mobile, and TCPA. Enjoy!
Beltway Report
Page 2
Bureau Report
Page 2
Mobile & Emerging Payments Report
Page 3
Mortgage & Fair Lending Report
Page 5
Operations Report
Page 7
Preemption Report
Page 8
Privacy Report
Page 9
Arbitration Report
Page 11
TCPA Report
Page 11
MOFO METRICS
83:
Percentage of mergers t hat don’t
increase shareholder value
44:
Percentage of lawyers w ho would not
recommend their profes sion
2:
Number of new craft brew eries that
open daily
15:
Dollars invested in offshore tax h avens,
in trillions
2:
Eggs bought by McDonald’s annually, in
billions
20:
Number of female senator s
1:
Number of dogs in the wor ld, in billions
75:
Percentage of world’s d ogs that are not
pets
