Law and regulation

House Democrats target CFPB politicos, other Mulvaney changes in new bill

03/06/19

The legislation comes a day before CFPB Director Kathy Kraninger is set to testify to Congress.

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Wells Fargo speculation, female-friendly fintechs and Most Powerful Women on the move

03/06/19

Is it realistic to think Wells Fargo might get a new female CEO? How one fintech makes women feel welcome, and how another fosters innovation. Plus some of our Most Powerful Women make big moves – two retire, one jumps from BNY Mellon to Amex, one exits a board and another joins one.

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Watt abused role in pursuing relationship with FHFA staffer: Watchdog

02/15/19

Former FHFA Director Mel Watt attempted to coerce an agency employee to engage in a romantic relationship with him, according to an inspector general report.

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Big, small banks have different ideas on how to fix pot banking

02/14/19

They all agree that legislation is needed, but the two approaches being offered are exposing tensions.

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Canada's banking regulator opens door to easing mortgage rules

02/05/19

A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.

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Why the CFPB is watering down its payday lending rule

01/29/19

The Consumer Financial Protection Bureau won't require payday lenders to assess borrowers’ ability to repay. American Banker reporter Kate Berry explains why.

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Navient seeks to narrow CFPB’s student loan servicing lawsuit

01/18/19

The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence.

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OCC's Otting names chief operating officer as part of massive restructuring

01/17/19

Morris Morgan, previously one of the top large bank supervisors at the OCC, was tapped as senior deputy comptroller and chief operating officer amid a multimillion-dollar effort to revamp the agency.

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FHFA will no longer defend agency's constitutionality in court

01/16/19

A federal appeals court ruling that found the leadership structure of the FHFA unconstitutional will face an "en banc" review later this month.

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Banks, credit unions help federal workers weather shutdown

01/11/19

Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies.

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