South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY.

Community Bank 195

Community Bank Community Compliance CA 195

CFPB Monitor

JANUARY 7, 2022

Among BBBB’s arguments rejected by the appellate court was its argument that consumer protection laws did not apply to bail bond transactions because the bail bond industry is governed by a separate statutory scheme—the Bail Bond Regulatory Act and its implementing regulations. In that lawsuit, the Bureau alleges that Libre by Nexus, Inc.

CA 78

CA California Regulation Payments 78

CFPB Monitor

SEPTEMBER 10, 2020

The bill authorizes the Department of Business Oversight (“DBO”), soon to be known as the Department of Financial Protection and Innovation, to begin adopting regulations pertaining to the new licensing requirement on January 1, 2021. The licensing requirement would be enforced beginning on January 1, 2022.

California 122

California Regulation Innovation Lending 122

Tomorrow's Transactions

JANUARY 23, 2017

Now what this passporting might mean is anyone’s guess, since this is just a newspaper story based on gossip, but I think it might be a little more complex to arrange than it seems at first because of the nature of banking regulation in the United States. This seems anachronistic. I don’t see any immediate problem that this solves.

Payments 30

Payments Regulation National New York 30

PYMNTS

MARCH 29, 2019

Consider the events of earlier this month when Representative Maxine Waters (D-CA), also head of the House Committee on Financial Services, said that Sloan should be “shown the door,” even as Sloan appeared before that same committee and said the bank had made operational improvements in the face of scandals stretching back years.

Los Angeles 144

Los Angeles CA Risk Management Policies 144

PYMNTS

APRIL 11, 2019

The Trump administration has promised — and, in some cases, has been executing on promises — to roll back at least some of the regulations contained in the Dodd-Frank tenets that took shape a decade ago. He said that “leveraged lending” and “student lending [are] growing rapidly, and deteriorating rapidly.”

Lending 158

Lending America cryptocurrency System 158

PYMNTS

APRIL 11, 2019

The Trump administration has promised — and, in some cases, has been executing on promises — to roll back at least some of the regulations contained in the Dodd-Frank tenets that took shape a decade ago. He said that “leveraged lending” and “student lending [are] growing rapidly, and deteriorating rapidly.”

Lending 100

Lending America System CA 100