Policymaking

Court rules CFPB can investigate tribal payday lenders

01/20/17

Native American tribal lenders that market small-dollar and installment loans can be investigated by the Consumer Financial Protection Bureau, a California appeals court ruled Friday in a victory for the consumer agency.

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FHA price cut officially halted moments after Trump sworn in

01/20/17

The Department of Housing and Urban Development announced Friday that the reduction in mortgage insurance premiums “has been suspended indefinitely.”

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'Getting the chatbot to upsell': Comments of the week

01/20/17

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

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Four takeaways from Mnuchin's Capitol Hill grilling

01/19/17

Treasury Secretary-designate Steven Mnuchin struck a pro-banking industry tone during testimony on Capitol Hill Thursday while tangling with lawmakers over foreclosures, offshore accounts and other issues.

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TCF tricked customers about overdraft opt-ins, CFPB suit alleges

01/19/17

The Consumer Financial Protection Bureau on Thursday sued TCF National Bank for what the bureau said were deceptive and abusive practices in selling overdraft services.

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Treasury pick Mnuchin clarifies GSE stance: No 'recap and release'

01/19/17

In his confirmation hearing, Treasury Secretary-designate Steven Mnuchin said he wanted to work with both parties to find a “bipartisan fix” for the housing finance system.

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Regulators risk doing more harm than good with cyber rules

01/19/17

It should surprise no one that the cybersecurity rules regulators are drafting are simplistic and written in one size to fit all.

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CFPB suit against Navient followed apparent 'ultimatum'

01/18/17

The Consumer Financial Protection Bureau and two states on Wednesday sued the nation's largest student loan servicer, Navient, for allegedly systematic failures in processing loan payments and failing to enroll borrowers in less expensive repayment plans.

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Spat between CFPB, GOP intensifies with auto lending report

01/18/17

A House Republican report, charging that Consumer Financial Protection Bureau Director Richard Cordray "may have broken the law" when the agency cracked down on auto lenders, appeared to escalate the GOP's clash with the agency.

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OCC fintech charter tramples state rights: N.Y. superintendent

01/18/17

The head of the New York Department of Financial Services did not mince words Wednesday in criticizing a proposed federal fintech charter.

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