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Top Weiner Brodsky Kider PC News

Senate · WashingtonWASHINGTON, D.C. — A bipartisan group of U.S. senators introduced legislation this week intended to modernize federal regulations for commercial space launches and satellite licensing in an effort to boost American competitiveness in the global space industry.See the Story
Kelly Among 4 to Introduce Bipartisan Senate Bill on U.S. Commercial Space Launch Regulations
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Department of Justice · MemphisIn two recently filed motions, the DOJ sought the early termination of two separate consent orders arising from redlining allegations. A judge on the U.S. District Court for the Western District of Tennessee granted the DOJ and CFPB’s unopposed motion to terminate their 2021 consent order with a Mississippi-based national bank, which the agencies alleged had engaged in redlining in the Memphis area. The second motion filed by the DOJ is curren…Read Article
DOJ Moves for Early Termination of Redlining Consent Orders - Weiner Brodsky Kider PC

Regulation · United StatesIn its motion for a summary judgment in a lawsuit challenging the regulation, the CFPB stated it has concluded that the Section 1033 Rule (Rule) exceeds the agency’s statutory authority to create an open banking system by—among other things—requiring that consumer data be shared with third parties. The motion states that “the limited legislative history confirms what the statute’s text and structure make clear: the statute was intended simply to…See the Story