CFPB

Give credit unions carve-out from CFPB? NCUA says ‘yes’

05/24/17

In a rare move, the credit union regulator is asking the CFPB for exemptions for credit unions from expanded HMDA requirements and unfair and deceptive acts authority.

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Mixed signals on CFPB constitutionality from appeals court justices

05/24/17

Appeals court justices appeared divided on whether the structure of the Consumer Financial Protection Bureau is constitutional during oral arguments in the PHH v. CFPB case on Wednesday.

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R3 raises $100 million in latest funding; Fidelity adopts bitcoin

05/24/17

Blockchain platform's capital raising is its biggest to date; mutual fund giant now accepts digital currency in its cafeteria as CEO Abigail Johnson embraces it.

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Four takeaways from Trump's first budget

05/23/17

President Trump’s budget would reduce funds to the CFPB and eliminate a fund designed to help regulators unwind a failing megabank.

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What to expect at court hearing on CFPB constitutionality

05/22/17

The case, PHH Corp. v. CFPB, is being watched closely because depending on the outcome, it could give President Trump the power to immediately fire Richard Cordray, the CFPB's director.

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Battleground state voters favor CFPB commission, poll finds

05/22/17

Roughly 58% of 6,000 voters in key states said they would support moving the bureau from a single director to a bipartisan commission, according to an industry-supported poll.

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U.S. consumer debt has hit a new record, but lenders shouldn't be spooked

05/17/17

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

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More than 150 law professors defend CFPB

05/16/17

A House Republican bill would allow lax lending standards to creep back into the financial system by gutting the CFPB, according to a letter from 158 law professors and scholars.

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Republicans may be able to overturn two decades of regulatory guidance

05/12/17

The GOP is working on a plan that could extend the Congressional Review Act's reach so that it may overturn certain policies all the way back to 1996.

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How reg relief could help borrowers in student loan lawsuits

05/12/17

President Trump’s aim to scale back financial regulations may make it easier for student loan borrowers to maintain federal class actions.

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