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Student loan servicing developments in California, Illinois, and Washington; legislation introduced in Virginia and New Mexico

CFPB Monitor

The new year heralds many new developments in the state regulation of student loan servicers. California, Illinois, and Washington have each taken significant steps in implementing their existing laws while legislation has been introduced in Virginia and New Mexico to regulate student loan servicers for the first time.

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Dodd-Frank Pullback To Benefit SMEs, Says Donald Trump?

PYMNTS

President Donald Trump said reducing Dodd-Frank regulations would benefit SMEs struggling to access financing, according to reports. But community banks, and subsequently their SME customers, are struggling to comply with the complex regulations of Dodd-Frank , he added. Community banks are the backbone of small business in America.”.

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Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Fintech Labs Insights

HQ: Albuquerque, New Mexico. Compliance & risk-management technology. Tags: Risk management, security, regulation, compliance. Latest round: $20 million (at $100 million valuation). Total raised: $31 million. Source: Finovate. Restaurant point of sale system. Latest round: $15 million Series A. FundsIndia.