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Director Chopra Discusses Digital Marketing in Remarks at National Association of Attorneys General Presidential Summit

CFPB Monitor

On August 10, 2022, Director Rohit Chopra delivered remarks at the 2022 National Association of Attorneys General Presidential Summit in Des Moines, Iowa on the topic of consumer protection in the digital world. He noted that the Act can be enforced by state attorneys general. A complete copy of his remarks can be found here.

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What Is Not Considered a TRACE-Eligible Security and What Should Not Be Reported

Perficient

A TRACE-eligible security does not include a debt security that is issued by a foreign, sovereign government or a money market instrument. A money market instrument is, other than a U.S. an exchange-traded fund).

Security 474
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Navigating The Overstuffed Weight Loss Market

PYMNTS

is largely credited for the global epidemic – even if we are no longer technically the “fattest” country on Earth (congratulations, Nauru ) – the problem has definitively spread inside our national borders. The firm recently raised $10 million in Series A funding to push its sustainable lifestyle-changing app into the wider global market.

Marketing 131
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2022 Dodd-Frank Stress Test Scenarios Released

Perficient

The Office of the Comptroller of the Currency (OCC) recently released the economic and financial market scenarios that will be used in the upcoming stress tests for covered institutions. Equity market volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), declines in 2022 by about 6.5 to hover around 2.50

Capital 294
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How to Set Your Strategic Planning Time Horizon

South State Correspondent

A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. Research & development, product design, human capital and brand building is usually a next year item when it should be a next decade exercise.

How To 195
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IMF Report: Banking Profits Might Not Exceed Cost Of Equity In 2025

PYMNTS

A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF).

Report 161
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OYO To Lay Off 5K Workers To Cut Costs

PYMNTS

The newest wave of job reductions would cut the company’s headcount to 25,000 across more than 80 nations, according to reports. The spokesperson said, per the report, “The global restructuring exercise at OYO was announced in January 2020, and the recent developments in China are in line with the same. The company has notched over $1.5

Exercises 130