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President Trump is asking the Supreme Court to allow him to fire Lisa D. Cook from the Federal Reserve Board.

“This application involves yet another case of improper judicial interference with the President’s removal authority—here, interference with the President’s authority to remove members of the Federal Reserve Board of Governors for cause,” Solicitor General D. John Sauer wrote. (All of the other firings involve situations where Trump fired Democratic members of governing boards of other federal agencies without cause even though the relevant statutes stated that such members could only be fired for cause. The Administration is arguing in the other cases that “for cause” termination limitations violate the “Separation of Powers” provision in the Constitution.)

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During our most recent Research Assistant Peer Group meeting, we discussed the Consent Order in New York vs. Roach & Murtha (Consent Order). Specifically, we dug into the New York Department of Financial Services (NYDFS) view of meaningful involvement by attorneys under the Fair Debt Collection Practices Act (FDCPA) in the context of collecting judgments obtained by another firm.

Debt resolution depends on coordination. Accounts move between lenders, agencies, and settlement firms, with each handoff requiring accurate, timely, and secure data. Yet too often, these transitions are slowed by mismatched formats, incomplete records, and siloed systems.

The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises.

The National Credit Union Administration today released the second quarter state-level credit union data report for 2025. Report findings indicate that for federally insured credit unions, assets, and shares and deposits increased at the median over the year ending in the second quarter of 2025. At the same time, loans outstanding declined slightly, according to the latest Quarterly U.S. Map Review.