News Topic: State regulators

Gov. Jerry Brown’s administration sent letters Wednesday to 20 nonbank lenders that charge triple-digit annual percentage rates to try to determine if their use of online referrals is steering borrowers into larger loans than they want or need. ... Read full article

The Dodd-Frank Act requires that one of the five nonvoting members of the Financial Stability Oversight Council be a state banking supervisor. ... Read full article

If Gov. Jerry Brown signs the legislation headed to his desk, it would be the first law of its kind in the U.S. It is designed to allow small-business owners to make comparisons between offers in the often bewildering world of online business lending. ... Read full article

State Treasurer John Chiang says that Wells Fargo is keeping patterns of abuse hidden from view by resolving customer disputes through private arbitration. ... Read full article

Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such initiatives are necessary. ... Read full article

As the state phases in tougher requirements from its 2017 regulation, federal agencies continue to show an interest in updating their cyber policies. ... Read full article

The state became the first in the country to ask federal regulators for a temporary waiver, citing a shortage of available appraisers. ... Read full article

The state follows Colorado’s lead in adopting reforms pushed by the Pew Charitable Trusts. ... Read full article

The Conference of State Bank Supervisors says state and federal regulatory coordination on third-party technology service provider exams eliminates duplication ... Read full article

The New York Department of Financial Services report recommended putting online lenders on a more equal playing field with traditional firms. ... Read full article

The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending. ... Read full article

Attorneys general from 21 states say the measures would undermine their ability to enforce consumer protection laws. ... Read full article

With more permanent fixes not yet gaining enough traction, recent attempts to clarify marijuana banking rules through appropriations are also falling flat. ... Read full article

Mary Jackson, a former executive at Cash America International, succeeds Lisa McGreevy at the helm of the Arlington, Va.-based trade group. ... Read full article

Despite bipartisan support, the latest congressional effort to enable the legal marijuana industry's access to the banking system still faces plenty of roadblocks. ... Read full article

Leader Bank says it can land property managers as commercial clients by helping them handle tenant deposits — and possibly create opportunities to boost CRE lending. ... Read full article

On one hand, banks could face regulatory pressure to restrict services to the firearms industry. But banks that take a strong stand also risk the wrath of GOP lawmakers opposed to such restrictions. ... Read full article

The New York Department of Financial Services is encouraging banks to review ties with the firearms industry. ... Read full article