N.Y., California want more regulation; bank stocks hammered again
The governors want more regulatory power as federal oversight slips; U.S. and European banks dropped sharply Monday as coronavirus-related problems multiply. ... Read full article
News Topic: Andrew Cuomo
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In rebuke of CFPB, states look to get tough on debt collectors
In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry. ... Read full article
Online lenders should have same disclosure rules as banks: N.Y. State
The New York Department of Financial Services report recommended putting online lenders on a more equal playing field with traditional firms. ... Read full article
Gun issue is a lose-lose for banks (whatever their stance)
On one hand, banks could face regulatory pressure to restrict services to the firearms industry. But banks that take a strong stand also risk the wrath of GOP lawmakers opposed to such restrictions. ... Read full article
N.Y. bank regulator warns of reputational risk from working with NRA
The New York Department of Financial Services is encouraging banks to review ties with the firearms industry. ... Read full article