CFPB

CFPB to give more information to firms under investigation

04/23/19

Under a new policy, a company subject to a civil investigative demand will learn from the agency about what conduct the probe is targeting and what legal provisions the firm may have violated.

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JPM exec shuffle, U.S. Bank’s first digital chief, CFPB and debt collection: Top stories of the week

04/19/19

Whether JPMorgan tipped its hand on a succession plan; U.S. Bank hires its first chief digital officer; all eyes on CFPB as it modernizes its debt collection rules; and more from this week’s most-read stories.

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Kraninger outlines her vision for a revamped CFPB

04/17/19

In her first policy speech since being confirmed as the agency's director, Kathy Kraninger promised less focus on enforcement actions and more emphasis on consumer education.

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Will White House memo be a roadblock for reg relief?

04/16/19

The administration’s move seems aimed at cutting down on regulation. But broader reviews by the White House under the Congressional Review Act could hinder rules the industry supports.

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CFPB has too much flexibility in assessing fines

04/16/19

The bureau should adopt a clear, consistent framework for determining civil money penalties against financial firms.

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How far will CFPB go to modernize debt collection rules?

04/14/19

A key question is whether the agency will restrict the ability of firms to track down delinquent borrowers with emails and text messages, which weren't in use when current regulations were adopted.

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Wells Fargo's new timeline to escape asset cap: There isn’t one

04/12/19

The San Francisco bank is under pressure from investors to get out from under a Fed-imposed asset cap and to hire a new permanent CEO. But executives said Friday that thoroughness is more important than speed.

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Moynihan's call for unity, CFPB payday revamp, Morgan Stanley's AI strategy: Top stories of the week

04/05/19

'There is no division in our industry': BofA's Moynihan says; why CFPB's payday revamp is an even bigger deal than you think; Morgan Stanley's new data strategy for higher quality AI; and more from this week's most-read stories.

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Senate Dems press CFPB on student loan forgiveness

04/05/19

The lawmakers are questioning the agency about its oversight of student loan servicers involved in a federal loan forgiveness program.

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Where customers are also lenders: One fintech's payday alternative

04/04/19

To generate revenue, SoLo Funds depends on consumers willing to front funds through its platform.

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