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CFPB Rolls Out Innovation Regulator Network

PYMNTS

A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. State regulators in every state were invited to join. .

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CFPB, joined by South Carolina Dept. of Consumer Affairs and Arkansas AG, files lawsuit targeting service providers to pension advance products structured as purchases

CFPB Monitor

The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The new lawsuit indicates that the Bureau is also targeting service providers to such companies.

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CFPB Drops Investigation Into Lender That Donated To Mulvaney

PYMNTS

According to American Banker , the Greenville, South Carolina-based company announced it received a letter from the consumer agency “indicating the investigation into the company’s marketing and lending practices has been completed.” which had been accused of taking advantage of low-income borrowers.

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Georgia’s Push To Reopen Falls Flat As Consumers Stay Home

PYMNTS

began to get its early actual data (as opposed to theoretical predictions) as Alaska, Georgia, North Dakota, South Carolina, Tennessee and Texas and all began lifting some of the stricter parts of the social distancing regulations to allow slightly more social mobility, according to CNN. But starting last weekend, the U.S.

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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

The DFS states that the investigation will focus on “whether companies are in violation of state banking laws, including usury limits, licensing laws and other applicable laws regulating payday lending and consumer protection laws.” Illinois Department of Financial Professional Regulation. Oklahoma Department of Consumer Credit.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. The OCC on Oct.

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Siron Financial Crime Solutions Are Moving from FICO to IMTF

FICO

It is recognized as the market leader for anti-money laundering, counter-terrorism financing and “Know your customer” technologies in Europe, Middle East, Africa and Asia. in statistics, both from the University of South Carolina. It provides end-to-end governance, risk & compliance solution including: . . TJ Horan.