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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. Other items listed in the agenda on which the CFPB expects to take action before the end of this year and next year include: Business Lending Data (Regulation B). The agenda estimates pre-rule activity in March 2021.

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Preparing for Section 1071

Abrigo

In 2011, the CFPB interpreted Section 1071 to mean that obligations for financial institutions to collect, maintain, and submit data “do not arise until the [CFPB] issues implementing regulations and those regulations take effect.” Those implementing regulations were coming. Lending Regulation. Lending Regulation.

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Fraud prevention and detection: Empowering clients through education

Abrigo

billion was lost to fraud through social media between January 2021 and June 2023. These events are a great way to show leadership and support to the community while having face time with customers, members, and prospects and maximizing time spent. According to the FTC , $2.7 Consumers must understand these tactics.

Fraud 195
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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 Spring 2020 rulemaking agenda

CFPB Monitor

It represents the CFPB’s third rulemaking agenda under Director Kraninger’s leadership. The CFPB recently proposed amendments to Regulation Z pursuant to this directive. Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z). Amendments to Regulation Z to Facilitate Transition from LIBOR.

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Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., While regulators have formed an inter-agency working group to develop viable reform measures, Congress has recently taken action to address the problem. I say Congress gets a deal done in 2020. by Daniel Nestel.

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Community Banking According to Andy

Jeff For Banks

He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. 2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. million in loans.