CFPB issues report on state community reinvestment laws
CFPB Monitor
NOVEMBER 6, 2023
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Citizens Hits Back at CFPB’s Lawsuit Over Credit Card Dispute Failings
Banking Exchange
FEBRUARY 3, 2020
The Rhode Island-based bank says legal action from the consumer regulator is “unwarranted” and ignores previous remedial work Consumer Credit Compliance Customers Cards CFPB Compliance/Regulatory Consumer Compliance Community Banking Feature3 Feature.
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DOJ Settles Redlining Claims in Rhode Island
CFPB Monitor
OCTOBER 24, 2023
The Department of Justice (DOJ) announced a settlement agreement with Washington Trust Company, of Westerly (WTC) to resolve claims that WTC redlined majority Black and Hispanic neighborhoods in Rhode Island. for its peer lenders, and on average 46.5% for its peer lenders, and on average 46.5%
Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges
Abrigo
MAY 15, 2020
As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Industry officials warn it won’t be the last.
The Digital Evolution Of The Online Gaming Ecosystem
PYMNTS
FEBRUARY 4, 2020
Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. RotoGrinders is a website that provides the DFS community with various bits of data, including game-specific weather forecasts. But I knew weather and sports,” Roth noted. And that was really all I needed.”.
How Big Tech Is Finally Tackling Cybersecurity
CB Insights
MARCH 27, 2019
into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. Currently, the company is involved in a class action lawsuit with Rhode Island’s Pension Fund related to the data breaches. Collectively, FAMGA has poured nearly $2.5B
State AGs urge Mulvaney to continue use of disparate impact theory of ECOA liability
CFPB Monitor
SEPTEMBER 13, 2018
Referencing the language in Regulation B and Regulation B Commentary regarding the “effects test,” the AGs argue in their letter that the regulations implementing the ECOA have continuously interpreted the statute as providing for disparate impact liability. to discriminate against any person. to discriminate against any person.
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