CFPB Monitor

DECEMBER 13, 2021

The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021. Credit card management. Debt collection. Fair lending.

Lending 78

Lending Cards Regulation Payments 78

PYMNTS

SEPTEMBER 23, 2020

FinTechs have had to take on a leadership role to embracing an imbedded payments experience. In Brazil, open banking regulations are in the works, but payments innovation is advancing so quickly that many in the ecosystem cannot afford to wait for the government to catch up.

Fintech 315

Fintech UX Cards Payments 315

PYMNTS

MAY 26, 2017

The National Retail Federation applauded House Republican leaders plan to abandon an effort to overturn debit card swipe fee reform , which the trade group says saved retailers and consumers more than $40 billion.

Cards 100

Cards Leadership Retail Community 100

CFPB Monitor

MAY 4, 2022

The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittance transfers, and student loan servicing that were completed between July 2021 and December 2021. Credit card account management.

Cards 78

Cards Report Management Policies 78

CFPB Monitor

JANUARY 2, 2019

The CFPB has released its seventh annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations).

Cards 60

Cards Report Leadership Data 60

PYMNTS

JANUARY 19, 2021

Just what the incoming leadership might do remains to be seen, but as noted in this space previously, Chopra has, in his soon-to-be past role as a commissioner with the FTC, has been known as an aggressive enforcer. Read More On Regulation:

Lending 143

Lending Massachusetts Regulation Leadership 143

Chris Skinner

MAY 1, 2017

as evidenced by their choice of leadership. This would enable a FinTech to go through ONE regulator to get to market, rather than the 200 or more they would have go through today. In its complaint the organisation, which represents state banking regulators, seeks to stop the OCC from granting any FinTech charters.

America 211

America Fintech National Regulation 211

PYMNTS

DECEMBER 21, 2018

. “In the early days of the internet, Congress passed legislation that provided certainty, and resisted the temptation to over-regulate the market. Our intent is to achieve a similar win for America’s economy, and for American leadership in this innovative space,” Davidson said. Cointelegraph reported that BTC.com.au

Bitcoin 175

Bitcoin cryptocurrency Ohio Leadership 175

CFPB Monitor

MARCH 9, 2021

Authored by Aaron Klein, a Brookings Senior Fellow, the article reports that overdraft revenues accounted for more than half of the net income of six small banks in 2020 and criticizes regulators for “tolerat[ing] banks that are mostly or entirely dependent on overdraft fees for profitability.”

Leadership 78

Leadership ATM Regulation Report 78

CFPB Monitor

JANUARY 17, 2019

of a lawsuit they filed jointly in a New York federal district court alleging federal and state law violations in connection with credit cards issued by Sterling that could only be used to finance purchases made in the company’s stores. The CFPB and New York Attorney General have agreed to a settlement with Sterling Jewelers Inc.

Cards 60

Cards New York Leadership Policies 60

PYMNTS

MAY 31, 2017

Wells Fargo is re-shuffling the deck after a huge scandal last year left the bank playing 52-card pickup. prosecutor and federal regulators in September 2016. The bank has been shaking up its leadership structure ever since. million fake accounts in customers’ names to meet aggressive sales goals.

San Francisco 100

San Francisco Leadership Regional Retail 100

PYMNTS

AUGUST 3, 2018

Hochschild, 53, who has been president of the card company since 2004, will retain the title of president, and has been named to the company’s board of directors. Prior to joining Discover, Hochschild worked for consulting firm Booz Allen, and had also served in various leadership roles at MBNA America. The firm had $84.2

Guidelines 105

Guidelines Cards Leadership America 105

CFPB Monitor

NOVEMBER 21, 2022

The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, mortgage servicing, and payday lending that were completed between January 1, 2022 and June 31, 2022. Credit card account management. Mortgage origination.

Report 78

Report Cards Lending Management 78

PYMNTS

MARCH 31, 2020

This week’s look at payment rail innovation explores how corporates and FinTech providers embrace variety to ease friction in card acceptance, employee payroll and invoice payments. Plastiq Eases Card Rail Friction. Faster Payments Council Names New Leadership. Payroll Rails Offer Employee Relief. In the U.K.,

Payments 193

Payments blockchain Cards cryptocurrency 193

CFPB Monitor

APRIL 1, 2020

Regulations. The questions focus on the regulations that the CFPB writes and enforces. Question topics include FCRA and GLBA protections of consumers’ personal information, FCRA provisions concerning information accuracy, state data breach laws, and use of consumer data by fintech companies.

Regulation 78

Regulation Leadership Data Cards 78

CFPB Monitor

APRIL 13, 2022

Since Rohit Chopra was sworn in as CFPB Director in October 2021, the report only reflects CFPB activity under the leadership of former Acting Director Uejio. The CFPB has issued its Fall 2021 Semi-Annual Report to Congress covering the period April 1, 2021 through September 30, 2021.

Report 78

Report Leadership Analysis Lending 78

PYMNTS

APRIL 11, 2018

Awaiting consideration by the House of Representatives is banking regulation — or rather, deregulation. Now the House is, at some point, poised to take up its own consideration of that regulation. Kimner stated the recent efforts to examine regulation may set the stage for other deregulatory efforts. “It Internationally.

Regulation 108

Regulation Capital Leadership Maine 108

PYMNTS

SEPTEMBER 25, 2019

As a company whose own leadership team has meaningful connections to the French community, we look forward to being a part of that growth.”. The license means that Checkout.com is fully regulated by the Banque de France, meaning it can now offer more services and products to not only France but other Eurozone countries too.

Payments 116

Payments United States Leadership Community 116

Abrigo

FEBRUARY 8, 2024

These events are a great way to show leadership and support to the community while having face time with customers, members, and prospects and maximizing time spent. There are various methods to educate clients and build on that trusted advisor relationship. Website pop-ups and fraud-warning messaging embedded in transactions.

Fraud 195

Fraud Resources social media Software 195

CFPB Monitor

NOVEMBER 21, 2019

It represents the CFPB’s second rulemaking agenda under Director Kraninger’s leadership. The Bureau is considering a rulemaking to address “a range of issues at the intersection of E-SIGN and Regulation Z with regard to credit cards.” Inherited Regulations.

Regulation 78

Regulation Cards Data Leadership 78

CFPB Monitor

DECEMBER 29, 2020

The CFPB took another significant step towards issuing regulations to implement Section 1071 of the Dodd-Frank Act by releasing the final report of the small business review panel (Panel) on the proposals the Bureau is considering for developing such regulations (Report).

Report 78

Report Leadership Meeting Industry 78

PYMNTS

OCTOBER 7, 2019

David Marcus, Facebook’s chief Libra architect and now CEO of the Calibra wallet that will store and manage the Libra currency, has attempted to assuage regulators’ concerns by telling them Libra won’t move forward until they are comfortable. You really can’t blame the regulators for being nervous, and maybe even now a little confused.

Regulation 199

Regulation cryptocurrency Innovation Meeting 199

CFPB Monitor

JANUARY 23, 2017

” The memo also directs the recipients to immediately withdraw any regulations that have been sent to the OFR but not yet published in the Federal Register and to postpone the effective date of any published regulations that have not yet taken effect. .”

Leadership 60

Leadership Regulation Cards Examples 60

PYMNTS

JANUARY 3, 2017

A dampening on lending has also come because of regulations, of course via Dodd-Frank. Trump has said that he wants to slash regulations that have been levied on businesses, with a goal that states that for every new regulation, two others must be rescinded. Could Director Cordray be asked to step down?

Course 115

Course Capital United States Regulation 115

PYMNTS

JUNE 5, 2017

The malware that was the culprit lifted customer account numbers and internal verification codes from magnetic stripes on payment cards. The data could then be used to do lots of damage, including shopping online and making “clone” cards to use other places. Chipotle will be liable for any fraud that results.

blockchain 109

blockchain Leadership System Cards 109

PYMNTS

MARCH 27, 2018

Since taking over the CFPB, Acting Director Mick Mulvaney has not exactly earned a reputation for being an active or aggressive regulator — much to the anger and annoyance of many. Mulvaney has even publicly noted in a January editorial the CFPB’s days of pushing the envelope when it comes to financial regulation are over.

Cards 120

Cards Regulation United States Leadership 120

FICO

SEPTEMBER 9, 2021

Courtesy overdraft is a service offered with a deposit account to provide liquidity to a bank customer when their balance has insufficient funds to cover incoming payments from a debit card, ATM, check or an ACH (Automated Clearing House) payment. New leadership at the CFPB has indicated that OD is on the agenda for a possible rulemaking.

ATM 52

ATM Regulation Policies Cards 52

Celent Banking

NOVEMBER 2, 2015

Still, it poses a number of questions, such as, for example, how effective the combined entity will be in dealing with intricacies of the European market, and whether this would lead to the Europeans calling (again) for a new separate pan-European card scheme. Would this re-open calls for a pan-European card scheme?

Cards 100

Cards Regional Leadership Maine 100

CFPB Monitor

MAY 23, 2019

It represents the CFPB’s first rulemaking agenda under Director Kraninger’s leadership. Regulation CC (Expedited Funds Availability Act). Other items included on the CFPB’s list of long-term actions include: Inherited Regulations. Remittance transfers.

Regulation 68

Regulation Compliance Leadership California 68

PYMNTS

JANUARY 2, 2019

a number of leading tech companies have become vocal in their support of a real-time payments (RTP) network, to be created under the leadership of the Federal Reserve and different from what has been previously proposed by the big banks. The concept is gaining traction and deployment across any number of avenues and several countries.

Payments 197

Payments Fraud System Cards 197

CFPB Monitor

JANUARY 12, 2017

Both the survey and the press release likely serve the dual function of justifying the CFPB’s current regulatory focus and laying the groundwork for current leadership’s future enforcement and rulemaking priorities. Credit card debt remaining a potential regulatory focus is no surprise.

Survey 60

Survey National Leadership Compliance 60

Independent Banker

AUGUST 31, 2021

Reiling adds that bank leadership needs to be bold enough to try things out and possibly fail, which is why Sunrise Banks implemented the 90-day check-in. A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes.

Community Bank 170

Community Bank Community Lending Leadership 170

CFPB Monitor

FEBRUARY 8, 2021

Resume data collections postponed by the Bureau in March 2020 (HMDA quarterly reporting, CARD Act data collection, Section 1071 cost of compliance data, and Property Assessed Clean Energy financing data Act. Prepare an analysis of the most pressing consumer finance barriers to racial equity to inform research and rulemaking priorities.

Policies 78

Policies Analysis Compliance Data 78

Gonzobanker

FEBRUARY 1, 2024

Concerns about successors to today’s executive leadership teams dominated many presentations. many we talked with in the halls acknowledged that credit quality remains a wild card to start the year. While the mood felt upbeat and optimistic (maybe it was the sunny and mid-70s weather?),

Conference 88

Conference FDIC Arizona Industry 88

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. enforcement, rulemaking and supervision).

Report 78

Report Regulation Policies Compliance 78

Gonzobanker

DECEMBER 14, 2023

Under Stuart’s leadership over the past 17 years, OnPoint has gone from under $2 billion in assets to knocking on the door of $10 billion, all while becoming the most recognized financial brand in the Portland market and achieving some of the industry’s best profitability in 2023. The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

CFPB Monitor

OCTOBER 17, 2018

It represents the CFPB’s second rulemaking agenda under the Trump Administration and Acting Director Mick Mulvaney’s leadership. HMDA/Regulation C. In addition to DFA Section 1071 rulemaking, the key long-term actions items listed in the Fall 2018 agenda are: Inherited Regulations. Consumer reporting.

Regulation 68

Regulation Compliance Lending Cards 68