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September 14, 2023
Our special guest is Professor Dan Awrey of Cornell Law School. In July 2023, the Federal Reserve launched FedNow, its instant payments system. After reviewing what FedNow is (and is...
August 31, 2023
The California Department of Financial Protection and Innovation (DFPI) is seeking a ruling that would block Chicago-based Opportunity Financial (OppFi) from offering loans with an interest rate above Californias maximum of 36%.
August 31, 2023
A California judge is poised to decide if an online lender offering small loans at over 150% interest violates state law, which would deal a blow to finance companies that critics argue have...
January 5, 2023
After discussing the core features of the U.S. payments systems, we look at how those features have impacted the experience of U.S. business and consumers and why Prof. Awrey believes...
October 13, 2022
We discuss the FDIC’s final rule on misuse of the FDIC name or logo, advisory to insured banks on deposit insurance and dealings with crypto companies, and cease and desist letters to...
June 17, 2022
On May 25, 2022, my colleagues, Mike Gordon, John Culhane and Ron Vaske published a blog which reported on a press release issued by the CFPB on the prior day entitled “CFPB Launches...
June 7, 2022
On May 25, 2022, my colleagues, Mike Gordon, John Culhane and Ron Vaske published a blog which reported on a press release issued by the CFPB on the prior day entitled “CFPB Launches...
February 8, 2022
John Socknat and Daniel JT McKenna were named coleader of Ballard Spahr’s Consumer Financial Services Group and Judy Mok was named head of the firm’s Fintech and Payments Group alongside current Practice Leader Ron Vaske. Socknat advises mortgage and consumer finance companies across the country in compliance and enforcement actions. McKenna represents clients in individual and class ...