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Scale Matters … But Smart Matters More

Gonzobanker

Meanwhile, national players like Bank of America have achieved 50% penetration of digital sales in their consumer bank, and digital-only fintechs/challenger banks are gaining 47% of new consumer accounts according to Cornerstone Research. Why is this important?

Tools 150
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CFPB’s Taskforce on Federal Consumer Financial Law releases report

CFPB Monitor

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Bureau reorganization. Fintech regulation. Small dollar credit.

Report 78
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Potential regulatory and legislative implications of blue wave on consumer financial services highlighted in Ballard Spahr webinar

CFPB Monitor

Key takeaways regarding the implications of a blue wave scenario include the following: Chris Willis commented that the CFPB’s approach to the exercise of its authorities is likely to reflect criticism by Democrats that the CFPB has been lax in its approach to industry under Director Kraninger’s leadership. (In