Financial regulations

‘Don't do it, Donald’: Comments of the week

02/15/18

Readers weigh in on the possibility of Mick Mulvaney becoming the White House chief of staff, debate whether the industry needs more or less consolidation, chime in on Wells Fargo’s updated mobile app and more.

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This is the real key to risk management now

02/15/18

Amid all the complaining about increased regulation, and the need to maintain higher capital levels, bankers are failing to realize that there is also a significant opportunity: Those that develop operational excellence at deploying capital can set themselves apart from peers.

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Oritani in N.J. hit with informal agreement to improve BSA compliance

02/12/18

The company must develop and implement a system of internal controls to ensure full BSA and anti-money laundering compliance, among other things.

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How the payday lending industry shapes academic research

02/05/18

A Georgia Supreme Court case sheds light on the lengths that the often assailed industry has gone to shape policy outcomes. It also raises the question of whether, in evaluating industry-funded research, it is enough to assess the published study itself, or if it is necessary to dig deeper.

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N.Y. to Bank of Tokyo-Mitsubishi: Your regulator swap’s illegal

02/01/18

The state's banking regulator, Maria Vullo, said in a legal filing that the Tokyo lender's request last year to shift regulators — trading its state license for a federal one — was granted arbitrarily and unlawfully.

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Warren, Waters ask Mulvaney about CFPB change of heart on payday

01/31/18

Top Democrats in the House and Senate sent a letter to Mick Mulvaney on Wednesday questioning his decision to delay the implementation of the Consumer Financial Protection Bureau’s payday loan rule.

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Breakthrough: More women running banks’ legal departments

01/26/18

Most general counsels are men, but in 2017 women filled more than half of the top legal positions that opened up at large financial firms. The trend is likely to continue as the population of women lawyers swells and banks continue to diversify their senior ranks.

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CFPB's Mulvaney blasts prior leadership, charts new mission for bureau

01/24/18

In a strongly worded memo to staff of the Consumer Financial Protection Bureau Tuesday, acting Director Mick Mulvaney indicated the bureau will value the concerns of companies it regulates to the same extent as consumers.

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Mulvaney: No plans to ‘blow up’ CFPB

01/19/18

"I've told people from the day I walked in there, I wasn't there to burn the place down or blow it up," the consumer bureau's acting director said at a White House briefing.

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Crypto crackdown? That's a lot of hype, too

01/19/18

Fears about regulators coming down on digital currency trading caused an epic crash in the market this week. But reining in this evolving asset class won't be easy.

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