State regulators

Referendum on data privacy coming to California in November


Two years after a consumer protection law changed how banks and other companies handle customer information, a new proposal aims for more sweeping reforms.


California tables ‘mini-CFPB’ idea — for now


A budget item establishing a new agency to protect consumers from predatory lenders has been put on hold as state officials deal with the coronavirus response and other priorities. But it could be revived in legislative talks later this summer.


OCC finishes rule meant to sidestep 'Madden' ruling


The new regulation is intended as a workaround for banks affected by the 2015 decision that created legal uncertainty for loans sold across state lines.


Pot banking rules grow hazier during pandemic


Bankers have become more uncertain about how to serve marijuana businesses owing to confusion about which states deem them essential.


State regulators question timing, legality of OCC licensing proposal


The Conference of State Bank Supervisors says parts of the plan are an overreach, while the agency should think twice about developing the proposal during the coronavirus pandemic.


California settles with point-of-sale lender Afterpay


The Australian firm agreed to pay around $1 million in connection with allegations that it broke the law by operating without a license in the nation's largest state.


Iowa regulators put the kibosh on credit union's bank branch purchase


The state's Division of Banking, led by a former bank CEO and trade group chief, blocked GreenState CU's move to buy seven branches from First American Bank. This is the second time this year regulators have halted a credit union-bank deal.


Dear Congress: Do away with the rent-a-bank ruse


Payday lenders have long used bank partnerships and similar means to circumvent state interest rate caps. Lawmakers should stop such practices now.


State regulator in Colorado blocks credit union's bank purchase


The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger.


In rebuke of CFPB, states look to get tough on debt collectors


In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry.