Compliance

Mulvaney launches public review of entire CFPB

01/17/18

Acting CFPB director Mick Mulvaney issued "a call for evidence" Wednesday seeking comment on all of the consumer agency's functions, including enforcement, supervision, rulemaking, market monitoring and education activities.

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CFPB signals plan to kill payday rule

01/16/18

The Consumer Financial Protection Bureau said Tuesday it will reopen the payday lending rule, on the same day the controversial rule technically went into effect.

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JPM, Wells on divergent paths; Citi talks gender pay

01/16/18

The two banks' tax reform expectations differ as they move in opposite directions; bank bows to pressure to report pay discrepancies.

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Earnings season begins; MoneyGram to test Ripple’s XRP

01/12/18

JPMorgan Chase, Wells Fargo are the first to report; payments company will run pilot to see if digital currency speeds transactions and lowers costs.

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More questions for Wells Fargo after exam rating leak

01/11/18

The disclosure of a key part of Wells Fargo's exam rating is fueling speculation that further regulatory action may soon be taken against the megabank and raising renewed questions about its regulator's oversight.

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Fifth Third regains top CRA grade, an entree to M&A

01/10/18

The bank says it received an “outstanding” rating on its most recent Community Reinvestment Act examination. Its previous rating, a “needs to improve,” not only was bad publicity but restricted its ability to buy banks.

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Regulators faulted for 'box checking' mentality on anti-laundering enforcement

01/09/18

Examiners focus too much on how many suspicious activity reports banks file and too little on the true riskiness of their activities, according to lawmakers and industry representatives.

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CECL compliance dragging small banks toward automation

01/09/18

Despite impending data requirements, many small banks are still struggling with automating loan risk calculations.

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Ex-OCC head returns to law firm Simpson Thacher

01/08/18

Keith Noreika, who made waves during his brief stint as acting Comptroller of the Currency, has rejoined Simpson Thacher Bartlett as a partner.

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For banks, DOJ reversal on pot will have 'chilling effect'

01/04/18

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.

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