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Federal DC Court Overturns Closed-End Loan HMDA Reporting Threshold

CFPB Monitor

In April 2020, the CFPB issued a final HMDA rule increasing the Home Mortgage Disclosure Act (HMDA) reporting threshold for closed-end mortgage loans from 25 covered loans originated in each of the prior two years to 100 covered loans originated in each of the prior two years.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

It was reported that the hearing could happen later in the year. 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.

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U.S. Regulators to Bank Boards: “Debt is Good”

Perficient

Mail: Chief Counsel’s Office, Attention: Comment Processing, Office of the Comptroller of the Currency, 400 7th Street, SW, suite 3E-218, Washington, DC 20219. Hand Delivery/Courier: 400 7th Street, SW, suite 3E-218, Washington, DC 20219 The full proposed 200+ page regulation is available here: Long-Term Debt (FR) (fdic.gov).

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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

Hsu discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in pointed remarks at the DC Blockchain Summit 2022. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation. .

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Cardtronics Posts 22 Percent Revenue Growth

PYMNTS

Cardtronics reported that Q3 ATM operating revenues reached $390.1 Under the leadership of my successor, Ed West, I am confident that the great potential of the Cardtronics platform will be realized for our shareholders.” operations of DC Payments. million, up 24 percent from $314.8 million ($193.5 million net of tax).

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What’s Happening While We Wait for TCPA Reform?

FICO

The election of a new administration along with leadership changes at the Federal Communications Commission (FCC) provided new hope for a broad group of industry and nonprofit organizations who have long been advocating for changes to the Telephone Consumer Protection Act (TCPA). The action reflects an effort to target illegal robocalls.

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Top 5 Risk Analytics Posts: From Rising FICO Scores to Alt-Data

FICO

Author Ethan Dornhelm explained, “We have pulled the latest FICO Score distribution information based on a snapshot of millions of US consumers’ credit data as of April 2017, and can report that consumer credit health and responsibility continue to be strong!