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California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

Because CCBank is a state-chartered FDIC-insured bank located in Utah, Section 27(a) of the Federal Deposit Insurance Act authorizes CCBank to charge interest on its loans, including loans to California residents, at a rate allowed by Utah law regardless of any California law imposing a lower interest rate limit.

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Yes, I really did just accept an a position on the Consumer Advisory Board of the CFPB! (Consumer Financial Protection Bureau)

Javelin Strategy & Research

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I can’t get enough of innovation and digital strategy. I’ll provide one more example of the elusive win-win innovation.

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The 35 Biggest Banking, Mortgage & BankTech Events in 2023

Fintech Labs Insights

Come for the wall-to-wall innovations, bring back actionable plans May 23-25 | Marriott Marquis | San Francisco Book Now If we are missing anything, please drop me a note. And prices tend to rise as the event draws closer. Event Spotlight Tech meets finance in San Francisco 60+ demos. 100+ speakers.

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Acting Comptroller discusses crypto risks, including use of bank-like terminology

CFPB Monitor

In remarks at the DC Fintech Week conference on October 11, 2022 and in a keynote address later the same day at a roundtable conducted by the Harvard Law School Program on International Financial Systems, Acting Comptroller of the Currency Michael J. Promises of innovation and inclusion often mask crypto’s promotion of a gold rush vibe…”.