WASHINGTON – Legislation that would impose a single standard on how privileged information submitted to any federal agency is treated has passed both houses in Congress and is expected to be signed by President Barack Obama.

Tagged with: banking regulations CFPB Congress federal agencies privilege

Federal banking regulations do not preempt borrowers’ state-law claims that their bank charged them improper loan-related fees, the Washington Supreme Court has ruled.

Tagged with: banking regulations Home Owner’s Loan Act preemption