Compliance

CFPB announces debt collection town hall as it preps new proposal

04/29/19

The debt collection proposal is expected to address how debt collectors can use text messages and emails to track down debtors.

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Visa, Mastercard finalize EU card probe with fee cut pledge

04/29/19

Visa Inc. and Mastercard Inc. ended nearly two decades of European Union antitrust scrutiny with a pact that requires them to reduce fees for foreigners shopping in the region.

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The Most Powerful Women in Banking: Next

04/28/19

Get ready to meet 15 women — ages 40 and under — whose accomplishments and influence set them apart.

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Rachel Bryant, Regions Bank | Most Powerful Women: Next

04/28/19

Rachel Bryant specializes in risk management, and she applies that framework not only to her job duties, but also to her career path.

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Lian Duan, China Merchants Bank | Most Powerful Women: Next

04/28/19

"If you gathered the U.S.-based senior counsels of the major Chinese banks operating in the United States," said Joseph Loffredo, assistant general manager and chief financial officer at the New York branch of China Merchants Bank, "you'd find one outlier, a lady about half the age of most of the others."

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To strengthen AML protections, strengthen sales practices

04/24/19

Banks need to ensure those building new business are driven to look for evidence of illegal activity.

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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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Avant to pay $3.85M to settle allegations of deceiving borrowers

04/15/19

The Federal Trade Commission accused the online lender of numerous violations in connection with its loan servicing practices. In one example, Avant allegedly informed customers that they could make payments by credit card or debit card but then refused to accept such payments.

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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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Is Wells Fargo stuck in the denial stage of recovery?

04/07/19

Since Wells Fargo’s phony-accounts scandal broke in 2016, the bank has appeared contrite in public. In private, it’s a different story.

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