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CFPB announces senior leadership changes

CFPB Monitor

The individuals and their backgrounds as set forth in the CFPB’s press release are as follows: Andrew Duke will serve as the Policy Associate Director for External Affairs. Mr. Duke has 27 years of experience in public policy, including 20 years on Capitol Hill serving with three different members of Congress.

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The role of self-assessment in board meetings

Abrigo

Those regulated by the OCC and above $50 billion in assets are expected to use the results to detect opportunities to improve and implement specific changes that can be tracked, measured and evaluated. Access to management and regulators – Is there a need for increased interactions?

Meeting 170
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What Do Acting CFPB Director Uejio’s Comments on Consumer Complaint Responses and Potential Racial Disparities Mean for Regulated Financial Institutions?

CFPB Monitor

companies regulated by the CFPB appear to take consumer issues reported to the Bureau seriously, and if any are slow to respond, it would be a small fraction of only 3% of CFPB-regulated entities. What does all of this mean for regulated financial institutions and financial services companies? Based on that statistic, U.S.

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Fed Concerned Trade War Could Trigger Recession

PYMNTS

“Participants generally judged that downside risks to the outlook for economic activity had increased somewhat since their July meeting, particularly those stemming from trade policy uncertainty and conditions abroad,” the minutes said. “In Invesco portfolio manager Noelle Corum told the FT that the U.S.

St. Louis 109
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Winds of Change Starting to Blow at the Fed

TrustBank

There is potential for him to shepherd in an era where the central bank has more women and people of color along with those who may put more monetary-policy emphasis on reducing economic inequality. Expect to hear more from us as nominations and deliberations get underway. 2022 FOMC Voter Profile.

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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

Manage PPP loans through forgiveness. It is not too late to perform CDD and transaction monitoring of these businesses – the regulators will expect it. Kylee Wooten, content and media relations manager, contributed to this article. . This is welcomed news for community financial institutions. learn more. C&I Loans.

Lending 195
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Shared Economy, Last-Mile Logistics Could Help Deliver COVID Vaccine

PYMNTS

There are now three different firms on the verge of submitting highly effective vaccines to regulators worldwide for emergency approval. According to a recent pilot study at a pediatric hematology clinic at Boston Medical Center, ridesharing services reduced the clinic's no-show rate by 8.5 percentage points.

Arizona 160