State regulators

States mull loosening of laws in response to CFPB payday rule

02/01/18

Lobbyists for the payday loan industry are getting a warmer reception in state capitals in 2018 than they did last year. One of their key arguments is that the federal crackdown on payday loans, which is now on hold, requires a response from the states.

[more]

Lawmakers struggle to find right balance on fintech policy

01/30/18

The House Financial Services Committee held a hearing Tuesday on the fintech industry as Congress is still beginning the conversation about what a legislative approach should look like.

[more]

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.

[more]

PHH Mortgage to pay $45M to settle robosigning allegations by 49 states

01/03/18

PHH Corp. agreed to a $45 million settlement to resolve allegations from 49 states and the District of Columbia that it engaged in "foreclosure process abuses" involving "inconsistent signatures" in its servicing business from 2009 to 2012.

[more]

House panel approval of rate-cap workaround a win for online lenders

11/15/17

A bill that would ensure fintechs can continue to partner with banks to make loans at interest rates that exceed state caps drew some bipartisan support on Wednesday, despite opposition by consumer groups.

[more]

New threat in reg reform fight: Exam fees

09/15/17

The House passed an appropriations bill that on the surface advanced key regulatory relief provisions sought by banks, but it could also open the door to higher examination fees, particularly for state-chartered banks.

[more]

States modernize licensing system as more fintechs eye bank charter

09/07/17

The changes to the National Multistate Licensing System will include a more customized user experience for companies and functionality for states to share examination data.

[more]

How banks are coping with New York’s cybersecurity rules

09/05/17

The first compliance deadline fell last week for the state’s strict new regulation. Banks are struggling with certain elements, such as multifactor authentication.

[more]

Regulatory sandboxes can help states advance fintech

09/05/17

States must recognize how their patchwork of different regimes stifles innovation, but they also have an opportunity to help maintain U.S. competitiveness in the global fintech marketplace.

[more]

How Gulf Coast banks got back on their feet after Katrina

08/30/17

Nearly all branches in storm-affected areas were still closed a week after New Orleans' levees broke, but regulators and bankers went to work opening new emergency branches and taking other steps to get institutions operating again.

[more]