Mass. Bankers Slams Biden OCC Nominee

Citing a proposal they described as “anathema to community banks,” the Massachusetts Bankers Association and 40 other state banking trade groups have signed a joint letter opposing law professor Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency.

CFPB

Battle Over CFPB Arbitration Rule Heats Up

The battle over the Consumer Financial Protection Bureau’s recently published rule banning mandatory arbitration clauses is continuing to pick up steam as the U.S. Senate prepares for a vote later this year that will determine the fate of the rule.