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Populus Financial Group moves for dismissal of CFPB lawsuit and stay pending Fifth Circuit decision

CFPB Monitor

Populus contrasts the narrower missions and authority of the Federal Reserve, FDIC, and OCC, which are also self-funded. With regard to the Federal Reserve and FDIC, Populus distinguishes their multimember, bi-partisan leadership structure. On May 9, 2022, a Fifth Circuit panel heard oral argument in the CFSA lawsuit. .

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Ground attack or air strike: Winning the banking customer battle

Insights on Business

Contact your IBM representative to learn more about IBM’s thought leadership in banking digital and branch transformation. 3] Source: FDIC banking industry data, 1994-2017. Explore IBM Banking and Financial Markets Solutions. [1] 1] Source: Accelerating digital transformation in banking, Deloitte, Oct 2018. [2]

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House Financial Services Committee Chairwoman Waters sends letter to President-elect Biden with recommended rule rescissions and other actions

CFPB Monitor

The CFPB, under new leadership, should be directed “to aggressively protect consumers by enforcing the law.”. The CFPB should rescind the July 2020 rule that rescinded the underwriting provisions in its 2017 rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Payday Rule) and reinstate the 2017 Payday Rule.

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Fed Chairman Concerned Over Shrinking Bank Market

PYMNTS

months in the first half of 2017. It also meant the loss of financial advice, local civic leadership and an institution that brought needed customers to nearby businesses,” Powell said last week , according to reports. months in the first half of 2018, from 5.6

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CFPB Director Chopra warns banks—and bank executives—about overdraft practices

CFPB Monitor

Prior to the issuance of the two new reports, the Bureau’s most recent report on overdrafts was issued in August 2017 under the leadership of former Director Cordray. Two earlier reports were issued in June 2013 and July 2014 , also under former Director Cordray.

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CFPB publishes Fall 2020 rulemaking agenda

CFPB Monitor

It represents the CFPB’s fourth rulemaking agenda under Director Kraninger’s leadership. In February 2017, the CFPB issued a request for information concerning the use of alternative data and modeling techniques in the credit process. Amendments to FIRREA Concerning Appraisals (Automated Valuation Models). Artificial Intelligence.

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CFPB publishes Spring 2020 rulemaking agenda

CFPB Monitor

It represents the CFPB’s third rulemaking agenda under Director Kraninger’s leadership. In September 2018, the CFPB, together with the Federal Reserve, FDIC, NCUA, and OCC, issued an Interagency Statement Clarifying the Role of Supervisory Guidance. Role of Supervisory Guidance. Artificial Intelligence.