State regulators

Early-pay providers get more clarity from CFPB (for now)

01/07/21

New guidance from the Consumer Financial Protection Bureau shows how companies that offer workers early access to their wages can avoid being regulated as lenders. But the incoming Biden administration could add new complications.

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OCC’s preemption letter opens new front in battle with states

12/23/20

In the waning days of the Trump administration, the agency issued a new legal theory of its power to let national banks evade state consumer protection laws. But some state attorneys general and consumer groups charge the federal regulator is attempting to sidestep restrictions imposed by Dodd-Frank.

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Mr. Cooper to pay $91 million to settle CFPB servicing case

12/07/20

The complaint dates back to 2014 state regulator examinations when the company was known as Nationstar.

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