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Sen. Sherrod Brown Joins Consumer Groups in Applying Pressure to Encourage CFPB to Seek Lifting of Stay of the Compliance Date for the 2017 Payday Rule’s Payments Provisions

CFPB Monitor

Brown’s letter came a week after that Court entered an Order continuing the stay of the compliance date, which, as we previously discussed , was entered after the Bureau joined in a status report filed August 2, 2019, stating that the parties “are not requesting that the Court … lift the stay of the compliance date….”.

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CFPB August 2016 complaint report highlights bank account or service complaints, complaints from Ohio consumers

CFPB Monitor

The CFPB has issued its August 2016 complaint report which highlights complaints about bank accounts or services and complaints from consumers in Ohio and the Columbus metro area. The percentage of mortgage complaints submitted by Ohio consumers, 22 percent, was lower than the 25 percent national average.

Ohio 60
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Fifth Third Bank has applied for a national bank charter

Bank Innovation

On Thursday, the bank said it had filed an application with the Office of the Comptroller of the Currency to convert from an Ohio state-chartered bank to a national bank. Cincinnati-based Fifth Third Bank has applied for a national bank charter as it expands its suite of products and services. A national charter will ensure […].

National 186
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Regulation and Compliance: Ready for Review

Independent Banker

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

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Momentum on deposit insurance dissipates on Senate banking panel

American Banker

Both Senate Banking Committee Chairman Sherrod Brown, D-Ohio, and ranking member Tim Scott, R-S.C., said they would consider what reforms "if any" are necessary post Silicon Valley Bank failure.

Ohio 69
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Lawmakers introduce flurry of banking legislation ahead of winter recess

American Banker

Sherrod Brown, D-Ohio, and John Kennedy, R-La., have reintroduced their ILC bill that would subject companies that hold an ILC charter to similar oversight as traditional banks, while measures to cap interest rates and ban 'trigger leads' have also been introduced.

Ohio 54
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DISH Network Agrees To Pay $210 Million for Vendors’ Violations In Historic Department of Justice Telemarketing Enforcement Action

CFPB Monitor

Department of Justice and a media conglomerate underscores the importance of implementing robust Telephone Consumer Protection Act compliance measures, including for third-party vendors. A recent settlement between the U.S. DISH, the DOJ, and the States reached this expansive settlement on remand.