CFPB Monitor
JULY 8, 2022
Department of Education recently announced proposed regulations designed to expand and improve the major student loan discharge programs authorized by the Higher Education Act. But that is precisely what the Department’s proposed regulations would do. The Department’s proposed regulation constitutes administrative overreach.
CFPB Monitor
JULY 21, 2022
In West Virginia et al. When an agency seeks to regulate a significant portion of the American economy. When an agency seeks to regulate an area that is traditionally regulated by state law. Environmental Protection Agency et al. ,
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Jeff For Banks
NOVEMBER 24, 2019
September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. The bank, First National Bank of Keystone, was $1.1 billion in assets.
PYMNTS
DECEMBER 27, 2019
That is said to be a sign that the open-armed tack of the state to regulating as well as legalization different types of gambling has spurred widespread growth per an iDevelopment & Economic Association report. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.
Abrigo
DECEMBER 16, 2019
Regulators, investors, and other stakeholders will be watching and listening for updates on the impacts of the accounting change. Be willing to change as needed. . All eyes will be on the large SEC registrants in January as they become the first financial institutions to adopt the current expected credit loss model , or CECL.
PYMNTS
JANUARY 26, 2021
Further complicating matters, the distribution of vaccines over the last mile is largely determined and regulated by the state. The net result is that Maryland has distributed 46 percent of doses, well below the national average of 53 percent. But it's not all bad news.
CFPB Monitor
MARCH 15, 2022
The rules provide that a loan made by a national bank, federal savings association, or federally-insured state-chartered bank that is permissible under applicable federal law (Section 85 of the National Bank Act (NBA) or Section 27 of the Federal Deposit Insurance Act (FDIA)) is not affected by the sale, assignment, or other transfer of the loan.
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