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CFPB Changes Expected As Biden Administration Settles In  

PYMNTS

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. Elizabeth Warren (Democrat of Massachusetts).”

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Podcast: Inside a Community Bank’s ESG Strategy

ABA Community Banking

On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank.

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Podcast: How Multigenerational Directors and Engaged Employees Drive Bank Independence

ABA Community Banking

For nearly 200 years, Millbury National Bank has stayed independent as a commercially focused community bank in Massachusetts. Part of that independent tradition owes to the bank's history of multigenerational stewardship.

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CFPB announces proposed consent order with companies alleged to have collected loans void under state law

CFPB Monitor

The relevant states are Arizona, Arkansas, Colorado, Connecticut, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, and South Dakota (“Subject States”). The loans in question were made by companies owned by Native American tribes.

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Fizzle Of The Week: The Activist CFPB

PYMNTS

And, under his leadership, the new CFPB seems bent on doing things very differently than it has in the past. percent related to prepaid cards and 2 percent to payday lending. In fact, this week, Mulvaney circulated a new mission statement for the organization, which was later leaked to The New York Times.

Lending 101
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The 2023 GonzoBanker Awards

Gonzobanker

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. Oh, and along the way, OnPoint will provide an amazing $2.5

Fintech 194
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CFPB’s Taskforce on Federal Consumer Financial Law releases report

CFPB Monitor

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. Fintech regulation. Small dollar credit.

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