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Director Chopra promotes aggressive enforcement in remarks to National Association of State Attorneys General

CFPB Monitor

In remarks given on Tuesday to the National Association of State Attorneys General (NAAG), CFPB Director Chopra promoted an aggressive approach to enforcement by both the CFPB and state attorneys general (AGs). Advocated for the expansion of state AGs’ authority.

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US Government Policy On SMB Lending In Flux

PYMNTS

Carranza has a history at the SBA, serving as its deputy administrator between 2006 and 2009. Her rise to the position of SBA chief is not expected to disrupt the status quo, but she would step into the seat at a time of broader controversy at the SBA, surrounding its 7(a) small business lending program. Last year, the U.S.

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The pro-cyclicality of capital ratios and credit supply, a tale of two sizes

BankUnderground

The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress. Additionally, regulators in various jurisdictions have been trying to create simpler (but not weaker) regulatory frameworks for small banks.

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What's With Regulator Agita Over Bank Commercial Real Estate Lending?

Jeff For Banks

And regulators are getting anxious. Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. Anxiety, anxiety, anxiety.

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Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. Cryptocurrency was first introduced in 2009 and is lauded for providing a level of privacy and security that traditional banking cannot guarantee. DOWNLOAD WHITEPAPER.

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Consumer Financial Protection Bureau Intensifies Land Contract Inquiry

PYMNTS

The nation’s top consumer advocacy watchdog, the Consumer Financial Protection Bureau (CFPB), is intensifying its investigation into high-interest seller-financed home sales. Recent research showed that an average 20,000 homes have been sold through contracts for deed since 2009. The CFPB announced Monday (Nov.

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ANZ Bank To Refund $8B To Corporate Cardholders

PYMNTS

According to the ASIC, many of those users are small businesses, with some cases dating back as early as 2009. News of the refunds comes as Australian regulators take a tougher stance on large banks, especially when it comes to small business services.

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