Enforcement

CFPB investigating BofA, fintechs and fraud, Mooney to retire: Top stories of the week

09/20/19

The consumer agency is investigating Bank of America over “potentially unauthorized” accounts; why fintech rollouts are magnets for fraud; KeyCorp’s Beth Mooney to retire next year; and more from this week’s most-read stories.

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CFPB investigating Bank of America over phony accounts

09/17/19

During a probe that grew out of the Wells Fargo scandal, the Charlotte-based bank has acknowledged instances of "potentially unauthorized" accounts, but said that the number of examples was "vanishingly small."

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Trump administration takes giant step backward on racial equality

08/23/19

Revamping the doctrine of disparate impact doctrine, as HUD proposes, would gut fair housing enforcement.

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Why Senate Republicans are sitting out pot banking fight

08/14/19

The 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access.

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OCC's innovation pilot gets little love from banks

07/30/19

Financial institutions welcome regulatory feedback on their fintech offerings, but the industry wants the agency to waive enforcement for approved products.

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Former N.Y. superintendent Vullo joins Emigrant Bank board

07/24/19

Maria Vullo served for three years as New York's top banking regulator.

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Pot banking hearing is on Crapo’s radar

07/11/19

The head of the Senate Banking Committee said the panel could examine an industry-supported cannabis banking bill "relatively soon."

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House passes bill to reverse CFPB policies under Trump administration

05/23/19

All Democrats supported the bill focused on the decisions of former acting CFPB Director Mick Mulvaney, while all Republicans opposed it.

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House committees in talks with Trumps about bank subpoenas

05/07/19

Two congressional panels said they are in "good-faith negotiations" to allow President Trump to see copies of subpoenas directing Deutsche Bank and Capital One Financial to turn over his bank records.

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‘Mini CFPB’ won’t solve California’s bank regulation problems

05/03/19

The state should overhaul its Department of Business Oversight, but proposals to create a statewide financial protection bureau miss the mark.

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