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Libra Association New General Counsel Is Former US Treasury Exec

PYMNTS

Before joining the association, Werner was founder and CEO of Green River Hollow Consulting and held leadership positions at several financial institutions, including HSBC and Goldman Sachs, where he served as the enterprise executive for policy, privacy and regulatory relations. He also headed financial crime compliance for Merrill Lynch.

US 227
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Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October. And, another legislator, Sen.

DC 109
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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies. The other state regulators identified in the DFS’s press release as joining the investigation are the following: Connecticut Department of Banking. Illinois Department of Financial Professional Regulation.

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The Case for Improving Work for People with Disabilities Goes Way Beyond Compliance

PYMNTS

Among the 75% of employees with disabilities who say they have market-worthy ideas, 48% say their ideas went ignored by people with the power to act on them, 57% feel stalled in their careers, and 47% feel they would never achieve a position of power at their company, no matter how high-performing or qualified they are. .”

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A bridge to affordable housing

Independent Banker

We were able to keep them from having to raise higher cost debt through the bond markets, and they went from last in mortgage origination to first. The bank recognized the dramatically growing need for affordable housing in greater Austin and through its leadership, has helped the fund to more than double in size in six months.”.

Austin 91
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2020 Homebuying Insights

PopularBank

Homebuyers looking to make a purchase in 2020 can anticipate competitive financing opportunities and an even more competitive housing market. As low interest rates and appealing mortgage products encourage market enthusiasm, affordable inventory for first-time and upper mid-range homebuyers remains scarce. NMLS# 150559.