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CFPB files lawsuit against student debt relief company, along with its owner and manager

CFPB Monitor

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
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CFPB Spotlights Director’s Six-Month Mark

PYMNTS

We will continue to look for ways to release innovative financial education tools and partner with public and private sector entities engaged in consumer financial education to maximize the reach of these tools.”. Regulations Abroad.

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Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 

PYMNTS

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Will Chinese Authorities Force Ant To Restructure? . A Growing Crackdown .

US 168
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2021 GonzoBanker Awards

Gonzobanker

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. GonzoBanker of the Year – Bank.

Fintech 147
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Best Community Banks to Work For 2022

Independent Banker

In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. Our leadership consistently articulates and demonstrates a commitment to being a great place to work.”. Roshan McArthur is a writer in California.

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CFPB holds hearing on payday and auto title loans in Richmond, VA

CFPB Monitor

On March 26, the CFPB held a public hearing on payday and auto title lending, the same day that it released proposed regulations for short-term small-dollar loans. ” Cordray explained and defended the CFPB’s proposed new regulations. Kelly Cochran, Assistant Director for Regulations, CFPB. Theodore R.

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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

Regulators haven’t yet broached the subject with them. A quarter (24.5%) say complying with regulations will be one of their top challenges in 2022, and more than half (51.4%) anticipate compliance spending will increase by at least 5%. Katie Kuehner-Hebert is a writer in California. Addressing ESG is one thing,” she says.