CFPB Monitor

MAY 10, 2022

The CFPB has issued a new advisory opinion “to affirm that the Equal Credit Opportunity Act (ECOA) and Regulation B protect those actively seeking credit and those who sought and received credit.”. 1691a(b). The Second Circuit did not issue a ruling because there was a settlement in the case.

Regulation 78

Regulation America Capital Lending 78

CFPB Monitor

JULY 12, 2022

In a new advisory opinion , the CFPB addresses the Fair Credit Reporting Act’s permissible purpose requirement as it applies to both consumer reporting agencies and users of consumer reports. Consumer reporting agencies.

Report 78

Report Colorado Meeting Examples 78

ABA Community Banking

NOVEMBER 30, 2020

The CFPB today finalized an advisory opinion pilot program that allows entities seeking to comply with existing regulations to request an advisory opinion from the bureau to address areas of uncertainty. The post CFPB Finalizes Advisory Opinion Pilot Program, Issues Advisory Opinions appeared first on ABA Banking Journal.

Regulation 52

Regulation Community Bank Policies Community 52

CFPB Monitor

JANUARY 3, 2023

Mark Brnovich, the Arizona Attorney General, recently issued an opinion regarding whether earned wage access (EWA) products are “consumer lender loans” under the state’s Consumer Lenders Act (CLA) such that a person who makes, procures, or advertises an EWA product.

Arizona 78

Arizona 78

CFPB Monitor

DECEMBER 28, 2020

On December 21, 2020, the CFPB issued an advisory opinion that addresses regulatory uncertainty related to certain aspects of special purpose credit programs (“SPCPs”) designed and implemented by for-profit organizations. Indeed, creditors have sometimes received regulatory criticism for the way they designed and implemented SPCPs.

Regulation 78

Regulation Analysis Data Groups 78

CFPB Monitor

NOVEMBER 5, 2021

While the advisory opinion itself is an important development, perhaps equally important are the ominous comments made by Director Chopra in his statement about the advisory opinion because they potentially signal more broadly what the “new CFPB’s” approach to enforcement will be. Advisory opinion. Director Chopra’s statement.

Report 78

Report Meeting Analysis Data 78

PYMNTS

DECEMBER 6, 2019

The Federal Trade Commission (FTC) found on Friday (Dec. 6) that British political consulting firm Cambridge Analytica lied to people about the data it was collecting from Facebook, and that it used it to profile and target voters, according to a report by Reuters. which is a pact relating to the transfer of personal data across borders.

Data 131

Data Apple Google Groups 131

CFPB Monitor

JANUARY 21, 2022

Mr. Frotman stated that both that letter and the representatives’ letter “make evident that the advisory opinion has caused significant confusion in the marketplace.”. The AO addressed whether an EWA program with the characteristics set forth in the AO was covered by Regulation Z.

New Jersey 78

New Jersey Regulation Groups Analysis 78

CFPB Monitor

NOVEMBER 1, 2021

On October 28, 2021, in a 2-1 split panel decision, the Eleventh Circuit Court of Appeals vacated its prior opinion in Hunstein v. 2021)), and substituted a new opinion in its place. ET, Ballard Spahr will hold a webinar, “The New Hunstein Opinion-What Does It Mean?” Preferred Collection and Management Services, Inc.

Analysis 78

Analysis Conference Industry Course 78

BankNXT

JANUARY 2, 2018

Leda Glyptis shares a few 'unpopular opinions' about bitcoin, pointing a finger at the collective lack of imagination and understanding of its potential. The fate of the bitcoin-furious – unpopular opinions from a DLT faithful on BankNXT.

Bitcoin 93

Bitcoin blockchain cryptocurrency Fintech 93

PYMNTS

JANUARY 1, 2018

The post OPINION: Is college worth it? This story was produced by The Hechinger Report , a nonprofit, independent news organization focused on inequality and innovation in education. Sign up here for our newsletter. Michael Lawrence Collins is a vice president at Jobs for the Future.

Regional 167

Regional Training Mississippi Community 167

CFPB Monitor

JANUARY 26, 2022

The FTC has issued an advisory opinion that addresses the impact of its Holder Rule on the ability of consumers to recover attorney’s fees and costs. In its advisory opinion, the FTC asserts that the decision that found Section 1459.5 was preempted “misinterpret[s] the Holder Rule.”. is preempted.

California 78

California CA Groups Regulation 78

CFPB Monitor

OCTOBER 19, 2022

We have our first-ever federal court opinion evaluating the requirements of Regulation F! Second surprise: Both parties obtained opinion letters from their attorneys who came to opposite conclusions about whether the MVN was optional or required. It’s official! Okay, maybe “evaluating” isn’t the right word.

Regulation 78

Regulation Compliance Analysis Exercises 78

The Paypers

FEBRUARY 23, 2021

The European Banking Authority (EBA) has released an opinion on supervisory actions required to ensure the removal of obstacles to account access under PSD2.

Regulation 50

Regulation 50

CFPB Monitor

DECEMBER 8, 2014

4662 , entitled the “Bureau Advisory Opinion Act.” 4662 would require the CFPB to establish procedures for issuing advisory opinions in consultation with other federal regulators and after allowing for a public notice and comment period. CFPB General advisory opinion CFPB' The CBO estimates that H.R.

Regulation 68

Regulation Report 68

CB Insights

FEBRUARY 19, 2020

The post How To Stay Ahead Of Fintech Disruption…With Data, Not Opinion appeared first on CB Insights Research.

How To 65

How To Fintech Data 65

Payments Dive

JULY 6, 2022

In a fiery rebuttal to the Federal Trade Commission lawsuit last week, the nation’s biggest retailer is already doing battle in the court of public opinion.

National 221

National Retail 221

Perficient

JANUARY 18, 2022

Economists have varied opinions, but they all lead to elevated delinquencies. Used vehicles , which have become a top leader for the current inflationary environment, have increased 37% over the past year. Gasoline prices have spiked nearly 50% since December 2020.

Lending 492

Lending 492

Alex Jimenez

FEBRUARY 1, 2019

The writers derive these claims from customer opinion polls and immediately jump to conclusions without understanding survey methodology. Some researchers and consultants conduct customer opinion surveys with biased questions and limited responses. Value exists in understanding customers’ perceptions, opinions, and recollections.

Survey 40

Survey Strategy ATM Analysis 40

CFPB Monitor

JANUARY 5, 2024

On December 22, 2023, the Attorney General of Montana released an opinion (the “Opinion”) concluding that certain earned wage access (EWA) products are not “consumer loans” or “deferred deposit loans” under Montana law and do not, therefore, require licensure by the Montana Division of Banking and Financial Institutions.

Montana 78

Montana Report Payments Lending 78

Chris Skinner

JULY 16, 2018

During #Money2020Europe Tink, the Swedish challenger bank, interviewed me on my opinions about all things finance and technology.

Leadership 397

Leadership Technology Digital Banking 397

Chris Skinner

APRIL 24, 2019

Opinionated yes. I’m not a particularly political person. A little bit right and little bit left, maybe. Not necessarily a centrist, true. And I try to avoid writing about politically motivated movements on this blog, except when they impact the banking industry. And today is one of those days.

Industry 307

Industry Case Study Study 307

BankInovation

APRIL 9, 2021

This week, Bank Automation News drilled down on filings with the Office of the Comptroller of the Currency, examining what banks and vendors have said about the potential for new regulations on artificial intelligence and other advanced technologies.

Regulation 85

Regulation Technology Compliance 85

PYMNTS

JULY 1, 2020

lawyers will be allowed to accept cryptocurrency as payment, according to an opinion by the District of Columbia Bar. ” The opinion also noted that the IRS treats cryptocurrency more as a property than as a currency for tax purposes. Washington D.C.

District of Columbia 197

District of Columbia DC North Carolina New York City 197

The Paypers

NOVEMBER 2, 2020

The European Central Bank has announced a survey of public opinion regarding the issuance of a digital euro, implying the central bank is considering a retail CBDC.

Survey 28

Survey Retail 28

CFPB Monitor

JANUARY 10, 2019

Supervised lenders should take heed of the administrator’s opinion, and how it may impact the making and administration of alternate charge consumer installment loans under the watchful eye of Colorado’s new Attorney General, Phil Weiser.

Colorado 60

Colorado Analysis Payments Security 60

American Banker

JUNE 22, 2023

Activist investor Abbott Cooper said he could continue his campaign against the Dallas-based company's management and board even if his candidate falls short in her bid to become a director.

Dallas 36

Dallas Management Company Community Bank 36

Perficient

JULY 30, 2020

Everyone has been very open-minded and never felt like I should think twice before expressing my views or opinions.”. Never feel hesitant or diffident in sharing your concerns, opinions, or achievements with your manager and teammates. “It has been two years since I have joined this company, and my experience has been phenomenal.

Boston 452

Boston Community Resources Technology 452

SWBC's LenderHub

APRIL 4, 2022

Last week’s biggest market event in this reporter’s opinion was the continued sky-rocketing yield of the U.S. Treasury 2-year note as it rose another 19 basis points for the week with 2s 10s curve spread inverting Friday.

Marketing 147

Marketing Capital 147

CFPB Monitor

OCTOBER 26, 2022

The CFPB recently issued an advisory opinion to consumer reporting companies about their obligation to prevent obviously false “junk data” from appearing on consumers’ credit reports.

Report 78

Report Data Policies Examples 78

CFPB Monitor

FEBRUARY 10, 2023

The CFPB recently issued an advisory opinion entitled Real Estate Settlement Procedures Act (Regulation X); Digital Mortgage Comparison-Shopping Platforms and Related Payments to Operators.

Comparison 78

Comparison Operations Regulation Technology 78

Chris Skinner

OCTOBER 22, 2019

When futurists talk about the future, they generally based their opinions on forces of change, known colloquially as PEST. Sometimes you debate stuff and a realisation comes. I had one of these today. Political, Economic, Social and Technological change.

Technology 213

Technology 213

CFPB Monitor

SEPTEMBER 12, 2023

Yesterday, we blogged about the opinion issued on September 8 by the Federal District Court for the Eastern District of Texas in the lawsuit brought last year by several trade associations against the CFPB.

Texas 97

Texas 97

ABA Community Banking

JANUARY 15, 2019

What is money? The classic definition has three parts. Feature Management Technology Risk Management AML & Fraud Tech Management Cyberfraud/ID Theft Feature3 Fintech.

Risk Management 40

Risk Management Fraud Fintech Management 40

PYMNTS

JUNE 23, 2019

The European Banking Authority ( EBA ) published an opinion on strong customer authentication ( SCA ) under the revised Payment Services Directive ( PSD2 ), acknowledging that implementing the new standards might be difficult for some merchants.

CA 122

CA Compliance Online Payments 122

The Paypers

MAY 9, 2023

The Bank of Canada has launched a public consultation that aims to assess how a digital dollar would fit into the Canadian economy.

41

41

Payments Dive

JUNE 13, 2019

Download this report now to discover differences in opinion across geographic locations, age groups and gender. A new global study by TNS explorers consumers attitudes toward making payments on wearables, mobile apps and cashless systems as well as the role of cash in the payments mix.

System 186

System Mobile Payments Survey 186