CFPB Monitor

MAY 19, 2022

They provide background information about applicable law, articulate considerations relevant to the Bureau’s exercise of its authorities, and, in the interest of maintaining consistency, advise other parties with authority to enforce federal consumer financial law.

FDIC 78

FDIC Exercises System Regulation 78

CFPB Monitor

SEPTEMBER 12, 2022

Barr also intends to work with the FDIC to review the resolution plans of globally systemically important banks and other large banks to ensure appropriate steps are being taken to limit the costs to society of potential failure. Vice Chair Barr took office on July 19, 2022 for a four-year term.

System 78

System Capital Regulation Analysis 78

CFPB Monitor

JANUARY 5, 2021

federal district court challenging the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies. Vullo is the lawsuit filed by the New York Department of Financial Services challenging the OCC’s SPNB charter for non-depository fintechs. 7.4007, 7.4008, 34.4)

Conference 78

Conference Technology District of Columbia FDIC 78

CFPB Monitor

MAY 4, 2021

The lawsuit represents CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies. In the third complaint, CSBS also asks the court to declare that the OCC’s preemption regulations (12 C.F.R. The first two lawsuits were dismissed on ripeness grounds.

Technology 78

Technology National Regulation FDIC 78

CFPB Monitor

MAY 6, 2019

The OCC also argued that the NYDFS’s claims were untimely because it can no longer challenge the OCC’s long-standing regulation (12 C.F.R. The OCC argued that the NYDFS’ complaint failed to state an APA claim because this regulation is entitled to deference under the U.S. e)(1)) interpreting the term “business of banking” in the NBA.

Fintech 68

Fintech New York National Regulation 68

Celent Banking

DECEMBER 13, 2016

Institutions are paying three times as much as their third party to complete on this exercise. The FDIC expresses best the sentiment of worldwide regulators: “A bank’s use of third parties does not relinquish responsibility… but holds it to the same extent as if the activity were handled within the institution."

Risk Management 100

Risk Management Management Exercises FDIC 100

CFPB Monitor

OCTOBER 29, 2020

24, 371 and 1464(c), respectively) that allow national banks and federal savings associations to engage in lending, by clarifying when a bank has exercised its lending authority. We continue to hope for a substantially similar “true lender” rule from the FDIC.

National 60

National Lending Exercises FDIC 60