CFPB Monitor

DECEMBER 9, 2021

The CFPB has issued a final rule amending Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. Change in index. Dollar LIBOR indices. (The

Regulation 78

Regulation Cards Compliance Groups 78

CFPB Monitor

MARCH 9, 2021

Authored by Aaron Klein, a Brookings Senior Fellow, the article reports that overdraft revenues accounted for more than half of the net income of six small banks in 2020 and criticizes regulators for “tolerat[ing] banks that are mostly or entirely dependent on overdraft fees for profitability.”

Leadership 78

Leadership ATM Regulation Report 78

PYMNTS

FEBRUARY 11, 2019

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. There seem to be no easy answers on just how to regulate the space. trillion.

Fintech 195

Fintech Lending Regulation Survey 195

PYMNTS

JANUARY 19, 2021

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. Read More On Regulation: Looking at Payday Lenders .

Lending 143

Lending Massachusetts Regulation Leadership 143

PYMNTS

APRIL 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . He is believed to have been running the scheme since around the crypto surge at the end of 2017.

cryptocurrency 182

cryptocurrency Taxes Regulation Leadership 182

CFPB Monitor

JUNE 1, 2016

During FY 2017 (October 1, 2016 through September 30, 2017), when the CFPB requests transfers from the Fed, it must notify various House committees and include in the notice the amount of the funds requested, an explanation of how the funds will be obligated, and a statement regarding why the funds are necessary to protect consumers.

Study 60

Study Regulation Leadership Report 60

FICO

JANUARY 4, 2018

2017 was highlighted by a series of Executive Orders calling for comprehensive reviews of existing regulations, a series of reports issued by the U.S. Department of the Treasury accompanied by recommendations for significant regulatory reforms, and major changes in leadership (and vision) at many of the federal banking agencies.

Regulation 53

Regulation DC District of Columbia Taxes 53

PYMNTS

JANUARY 2, 2019

The number of eligible applicants was already hampered by 2017 regulations, and Didi is short drivers in some major cities. Building on its leadership and expertise in the global online travel market, Booking is championing a digital revolution of travel experience. Didi is backed by Uber, Apple and SoftBank.

Lending 183

Lending Leadership Apple America 183

FICO

JANUARY 9, 2017

consumer lending market anticipated 2017 would be more of the same. This meant a continued focus on implementation of recently adopted rules, while bracing for a wave of new regulations from the federal banking agencies. A little-known law will have big impact on regulation. Everything changed on November 8. You are not alone.

Regulation 40

Regulation Lending New York Leadership 40

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time.

Tools 114

Tools Leadership Handbook Security 114

CFPB Monitor

MARCH 18, 2021

In its third lawsuit filed under the leadership of Acting Director Uejio, the CFPB, earlier this week, sued Student Loan Pro (SLP), a student loan debt relief company, its owner, and its manager, for alleged violations of the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act.

Company 78

Company Management Leadership California 78

CFPB Monitor

JULY 11, 2016

By a vote of 239-185 , the House of Representatives has approved a fiscal year 2017 appropriations bill that contains various provisions intended to curb the CFPB’s authority. The CFPB’s findings, together with its analysis and underlying data, must be published in the Federal Register.

Regulation 60

Regulation Study Leadership Report 60

CFPB Monitor

DECEMBER 13, 2018

The CFPB has issued a new annual report covering its fair lending activities during 2017. Since Mick Mulvaney did not become Acting Director until the end of November 2017, the fair lending activities described in the report largely took place under former Director Cordray’s leadership.

Lending 92

Lending Report Regulation Leadership 92

PYMNTS

SEPTEMBER 4, 2018

The report by software industry lobby group Nasscom and consulting firm PwC India — called “Propelling India Towards Global Leadership in eCommerce” — says that India’s eCommerce industry is expected to contribute 4 percent of GDP by 2022.

Marketing 128

Marketing Retail Leadership Study 128

PYMNTS

JANUARY 22, 2019

Opponents counter that the regulations will simply push a majority of short-term lenders out of business, as they will be unable to either meet the increased underwriting costs or to change their business model entirely to accommodate a different type of underwriting.

Lending 153

Lending South Carolina Regulation Groups 153

American Banker

DECEMBER 27, 2016

The Consumer Financial Protection Bureau faces a precarious and uncertain future in 2017 with all eyes focused on two questions: whether President-elect Donald Trump will attempt to fire agency director Richard Cordray and if Congress can successfully restructure the agency by changing its leadership and funding.

Leadership 35

Leadership Regulation 35

CFPB Monitor

DECEMBER 16, 2020

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.

Policies 78

Policies Regulation Lending FDIC 78

PYMNTS

APRIL 24, 2019

“The new policy takes into account recent court decisions about notifications of purpose, and is consistent with a 2017 report by the Bureau’s Office of Inspector General that emphasized the importance of updating Office of Enforcement policies to reflect such developments,” the CFPB explained in a press release.

Policies 115

Policies Leadership Maine Regional 115

CFPB Monitor

SEPTEMBER 30, 2022

With regard to the OCC, Populus distinguishes the OCC’s reliance on fees from the entities it regulates which it asserts creates political accountability for the OCC. With regard to the Federal Reserve and FDIC, Populus distinguishes their multimember, bi-partisan leadership structure.

Groups 78

Groups FDIC Texas Leadership 78

PYMNTS

MARCH 27, 2018

2 spot in 2017 when the credit reporting agencies (normally the No. Of the approximately 240,000 complaints logged in the CFPB database in 2017, a full 30,000 were about Equifax. Mulvaney has even publicly noted in a January editorial the CFPB’s days of pushing the envelope when it comes to financial regulation are over.

Cards 120

Cards Regulation United States Leadership 120

PYMNTS

MARCH 29, 2018

Amid the sale, Deutsche is also in the process of finding new leadership to replace current CEO John Cryan. The publication noted investor confidence is waning, exacerbated by financial losses for 2017 reported by the bank. he said at the time, according to CNBC reports.

Leadership 101

Leadership Conference Report Operations 101

PYMNTS

JULY 11, 2016

In a statement released on Friday (July 8), Richard Hunt, president and chief executive officer of the CBA, remarked upon the recent approval of the House of Representative’s fiscal year 2017 Financial Services and General Government Appropriations bill that “the advancement of needed improvements to the CFPB is a win for consumers.”

Leadership 100

Leadership Regulation Lending Industry 100

PYMNTS

FEBRUARY 7, 2019

The next chapter in the ongoing saga that is payday loan regulation officially began yesterday (Feb. 6), with the announcement that the Consumer Financial Protection Bureau (CFPB) will overhaul a series of 2017 payday loan regulations, set to go into effect in August 2019. The Tumultuous Response.

Lending 100

Lending Regulation Online Leadership 100

PYMNTS

MARCH 18, 2019

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. The five-year statute of limitations on fraud or financial misconduct had been put in place by the Supreme Court in 2017.

California 122

California Data Security Regulation 122

Accenture

JULY 20, 2017

In Accenture’s recent 2017 Banking Change Survey , we asked more than 300 executives about their change priorities, how they embed change in their organisations, and the outcomes they are achieving. To learn more, read our full 2017 Banking Change Survey.

Survey 154

Survey Strategy Digital Strategies Leadership 154

PYMNTS

JANUARY 3, 2017

A dampening on lending has also come because of regulations, of course via Dodd-Frank. Trump has said that he wants to slash regulations that have been levied on businesses, with a goal that states that for every new regulation, two others must be rescinded. The wholesale dismantling of a governmental agency is no easy feat.

Course 115

Course Capital United States Regulation 115

CFPB Monitor

DECEMBER 6, 2021

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.

Regulation 78

Regulation Policies FDIC Leadership 78

CFPB Monitor

JANUARY 2, 2019

The information in the report is current as of the end of 2017. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations). The number of issuers maintaining at least one such agreement also increased.

Cards 60

Cards Report Leadership Data 60

PYMNTS

AUGUST 24, 2018

million Euros in 2017, while the bottom line slipped 14.8 In a series of events as reported by businessden.com that led to the bankruptcy and the sale, a holding company was in place for the bank and court filings as detailed by that site said leadership had been trying to sell it for two years. million in January of 2017.

Colorado 101

Colorado Leadership Fintech Operations 101

CFPB Monitor

JANUARY 23, 2017

” The memo also directs the recipients to immediately withdraw any regulations that have been sent to the OFR but not yet published in the Federal Register and to postpone the effective date of any published regulations that have not yet taken effect. .”

Leadership 60

Leadership Regulation Cards Examples 60

CFPB Monitor

APRIL 11, 2022

By 2017, 1 st Alliance’s compliance department began to raise concerns to company leadership, including the individual defendants, that SCs were engaging in activities that would require licensing. The duties performed by the SCs/HLCs required them to hold a mortgage originator license in every state in which 1 st Alliance operated.

Connecticut 78

Connecticut Company Regulation social media 78

PYMNTS

MARCH 2, 2020

in 2017 on healthcare services. So as we looked for areas to focus on in healthcare, we recognized that fraud, waste and abuse could benefit from our experience and competencies, given our leadership in fraud mitigation and security,” Griffin said, noting Mastercard’s 2017 acquisition of AI firm Brighterion.

Fraud 216

Fraud System Security Leadership 216

Insights on Business

JULY 19, 2017

Lofty expectations by millennials, FinTech upstarts, stinging memories of the financial meltdown, and a growing body of stringent regulations are just a few causes for industry-wide upheaval. The recent announcements bear testimony to the two systems’ leadership and constant progression in financial services. Long-standing leadership.

Data 143

Data Leadership System Industry 143

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. And we’re not just talking about cyberattacks.

Survey 100

Survey Taxes Groups Analysis 100

Insights on Business

OCTOBER 20, 2017

Ensure fool-proof security for regulated workloads and mission critical operations. Session takes place on Monday, October 23, 2017 at 1:30 PM – 2:30 PM PT in the The Venetian, Bassano 2804, Level 2. He specializes in business model transformation to help clients better compete and grow.

Leadership 87

Leadership Study Meeting Industry 87

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JUNE 15, 2018

Launched in May 2017, GPI is designed to improve the speed and efficiency of global payments, and it accounts for 25 percent of all SWIFT cross-border payment traffic , the company said last month. As of June 2017, “98 percent of the payments between the United States and China are performed in U.S. Dollars,” according to SWIFT.

blockchain 100

blockchain Case Study United States cryptocurrency 100