CFPB Monitor

AUGUST 19, 2022

It took 44 years for the law to catch up to modern technology, but the CFPB finally did it in 2021 with Regulation F’s guidelines for FDCPA-compliant electronic communications like email and text messages. Regulation F’s call frequency limits do not apply to email, text messages, or other electronic communications.

DC 78

DC Regulation social media Maryland 78

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

Payments Source

SEPTEMBER 27, 2016

But instead of looking for a staid law office, the bitcoin advocacy group formed a partnership with the local incubator 1776 to launch the DC Blockchain Center. The Chamber of Digital Commerce has opened a new outpost in the nation's capital.

blockchain 60

blockchain DC Bitcoin National 60

CFPB Monitor

SEPTEMBER 10, 2020

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. While several states oppose the preemption of state usury laws in the context of bank/nonbank partnerships, federal banking regulators have taken a different stance.

Utah 78

Utah California FDIC West Virginia 78

FICO

JANUARY 13, 2020

In 2018, the DC Circuit Court of Appeals issued a ruling which struck down or vacated, in part, a previous 2015 Declaratory Ruling and Order made by the Federal Communications Commission (FCC). The regulators set an aggressive deadline for public comments by requiring responses within 60 days of publication in the Federal Register.

Policies 52

Policies Las Vegas FDIC Washington 52

FICO

DECEMBER 20, 2021

The past year was one of transition in the Washington, DC policy arena as a new President, Congress and group of banking agency heads took charge of the financial legislative and regulatory policy agenda. Despite these changes, the regulators still believe that more scrutiny is needed. However, 2022 should signal a change.

Policies 52

Policies DC Regulation Industry 52

FICO

OCTOBER 11, 2018

Today marks the release of the first quarterly Assessment of Business Cybersecurity, at the Chamber’s Seventh Annual Cybersecurity Summit in Washington, DC. New regulations in banking and other industries have put companies more directly on the hook with respect to third-party and supply chain risk. The ABCs of the ABC.

DC 68

DC National Security Survey 68

Javelin Strategy & Research

SEPTEMBER 2, 2014

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I just accepted a position on the Consumer Advisory Board of the CFPB. I have a lot to learn! So what do you think I should focus on?

Innovation 58

Innovation DC FDIC Strategy 58

Abrigo

SEPTEMBER 20, 2021

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. Stay up to date on small business lending regulation and other lending trends. Collection Requirements.

Lending 195

Lending Data Compliance Regulation 195

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. The Gonzo team understands the value of well-designed regulations and standards, and we too despise the “gotcha” behavior of Wells Fargo and other players who institutionalize manipulating the consumer. One word can summarize this action-packed banking year, GonzoBankers – tiring. Payments chaos.

Conference 101

Conference Industry Community Bank Community 101

FICO

AUGUST 27, 2018

It’s August and it’s hot in Washington DC. This document is the fourth in a series of reports in response to Executive Order 13772 that details the President’s core principles for financial regulation. Yet in the nation’s capital, fintech policy may actually be hotter than the temperatures outside.

Policies 49

Policies US Fintech DC 49

FICO

APRIL 10, 2017

The panel discussed the CFPB’s continued focus on developing new debt collection regulations. In a previous post , I discussed the sudden emergence of the Congressional Review Act (CRA) and its impact on future regulations. This would provide relief from some of the existing compliance burden and significant liability exposure.

DC 40

DC Regulation Policies Compliance 40

Abrigo

JANUARY 21, 2020

Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking. Compliance and anti-money laundering (AML) is going green… or is it? State Banking Regulators. I believe we will see more state banking regulators join them in 2020. GET STARTED. Conclusion.

United States 243

United States New York Regulation DC 243

ZootBlog

NOVEMBER 4, 2016

This can be very tricky because not only do these appointees have to have to be somewhat of an expert in the areas of banking, they must also be able to navigate the political arena in Washington, DC. Department of the Treasury and a decade as a bank regulator. Bush in banking and financial regulations. Named after sponsors U.S.

New Hampshire 60

New Hampshire US DC Iowa 60

FICO

JANUARY 4, 2018

The surprise election of Donald Trump led to a 180-degree course correction of the regulatory agenda that bankers and compliance professionals had grown accustomed to in the wake of the financial crisis. A Decision by the DC Circuit Will Spark the Beginning of Much-Need TCPA Changes. The post Banking Regulation Predictions 2018: U.S.

Regulation 53

Regulation DC District of Columbia Taxes 53

FICO

JANUARY 9, 2017

Last fall, I suspect that most regulatory compliance professionals in the U.S. This meant a continued focus on implementation of recently adopted rules, while bracing for a wave of new regulations from the federal banking agencies. A little-known law will have big impact on regulation. Everything changed on November 8.

Regulation 40

Regulation Lending New York Leadership 40