Financial regulations

Sherrod Brown calls on regulators to suspend non-coronavirus rulemaking

03/20/20

The Ohio Democrat argued that the public wouldn't be able to meaningfully provide feedback on rules given the stressful circumstances related to the outbreak.

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Virus scare creates perfect storm for mortgage lenders

03/19/20

Refinancing activity is surging, existing borrowers are inquiring about loan modifications, loan closings are being delayed by more complex credit checks — and banks are short on people to handle it all.

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AI models could struggle to handle the market downturn

03/19/20

Many new artificial intelligence and machine learning methods used for underwriting are not fully equipped to predict defaults.

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CFPB official will be recused from agency's suit against Fifth Third

03/12/20

Acting Deputy Director Leonard Chanin formerly was a deputy general counsel at the Cincinnati bank that is now in the bureau's crosshairs for allegedly opening unauthorized accounts.

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CFPB sues Fifth Third for allegedly opening phony accounts

03/09/20

The Consumer Financial Protection Bureau says the Cincinnati bank engaged in aggressive sales practices and open bank and credit card accounts without consumers' authorization in order to meet sales targets.

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Former CFPB official to return to bureau as acting deputy chief

03/04/20

Leonard Chanin, a senior official at the Federal Deposit Insurance Corp., has been tapped to serve on a part-time basis as the No. 2 official at the Consumer Financial Protection Bureau, according to a news report.

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CFPB proposes making debt collectors disclose statute of limitations

02/21/20

Debt collectors would have to tell consumers upfront that they cannot sue to recover "time-barred" debt under a proposal issued Friday by the Consumer Financial Protection Bureau.

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Lessons for bankers from disasters that didn't have to be

02/18/20

There's much bank executives can learn from the 737 Max and Deepwater Horizon catastrophes, which could have been averted if regulators had been notified sooner.

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Retirement wave could leave FDIC short-staffed in crisis, watchdog warns

02/14/20

The inspector general also said high turnover at the chief information officer position has limited the agency's ability to modernize its technology.

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OCC's Wells oversight, TD's new consumer chief, big Southeast deal: Top stories of the week

02/01/20

Verdict on OCC’s supervision of Wells Fargo expected in late spring; TD Bank names Matt Boss its new consumer products chief; CenterState and South State plan $3.2B merger with operations stretching from Virginia to Florida; and more from this week’s most-read stories.

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