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Giving Truckers Better Loans Can Lower Carbon Footprints: Here’s Why

PYMNTS

Most auto manufacturers make 50 state models of the cars they sell — which means California’s emissions standards often become the de facto standard for new vehicles built and brought to market. “California’s Clean Car Standards are achievable.

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Eight state attorneys general file lawsuit seeking to overturn OCC’s true lender rule

CFPB Monitor

However, the AG plaintiffs in the new lawsuit instead view the Rule as “an unlawful attempt” by the OCC to “facilitate predatory lending” and support “rent-a bank schemes.”. The OCC anticipated and refuted many of the Complaint’s allegations in the Supplementary Information published with the final Rule.

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CFPB issues Office of Servicemember Affairs 2019 annual report

CFPB Monitor

Complaints were received from servicemembers in all 50 states and the District of Columbia, with the largest number of complaints coming from California, Texas, and Florida (states that the OSA pointed out have the largest veteran concentrations). In FY19, the same overall number of complaints (34,600) were submitted as in FY18.

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State AGs urge Mulvaney to continue use of disparate impact theory of ECOA liability

CFPB Monitor

On September 5, 2018 a group of 14 state Attorneys General and the AG for the District of Columbia sent a comment letter to CFPB Acting Director Mick Mulvaney, urging him to refrain from “reexamining the requirements” of the Equal Credit Opportunity Act (“ECOA”).

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Industry trade groups urge HUD to make significant changes to its disparate impact rule; state attorneys general oppose changes

CFPB Monitor

In contrast, a group of 16 state Attorneys General and the AG for the District of Columbia sent a comment letter to HUD urging it not to make any changes to the Rule, arguing that it is “fully consistent” with Inclusive Communities and that any changes would be “susceptible to meritorious legal challenge.”

Groups 68
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242 Startup Failure Post-Mortems

CB Insights

A notice sent to creditors said Jawbone entered into insolvency proceedings under California law on June 19. BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources. Kyle Hill, HomeCare CEO. Product: BTCJam.

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