Federal judge rejects CFPB's effort to halt payday rule

06/13/18

Acting CFPB Director Mick Mulvaney had sided with two industry trade groups that sued the CFPB in April to invalidate the tough restrictions.

[more]

Issa emerges as new name for CFPB chief

06/13/18

Rep. Darrell Issa, the Republican lawmaker from California, is among the candidates who have been discussed as President Donald Trump gets closer to naming someone to run the Consumer Financial Protection Bureau, according to people familiar with the matter.

[more]

SIFIs slip; B of A Merrill settles securities charges

06/13/18

Almost half of systemically important financial institutions are trading in bear territory; bank is accused of overcharging customers for mortgage-backed securities.

[more]

California may force online business lenders to disclose rates

06/12/18

First-of-its-kind legislation seeks to tame the largely unregulated world of online small-business lending. It has drawn bipartisan support from lawmakers, but so far has failed to satisfy either the industry or its critics.

[more]

How Treasury could come down on fintech regulation

06/12/18

With the question of a federal charter still looming, Treasury's last report on changes to the financial regulatory system will focus on nonbanks and new tech startups.

[more]

Digital banking and robo-advice converge in race for assets

06/12/18

Banks and startups compete for the same clients, as customers want one source for online checking and investment accounts.

[more]

Should financial advice be tailored along credit and gender lines?

06/12/18

Women with credit scores below 700 feel more stressed about money than any other group, according to a new study. The findings suggest financial firms should cater to them with special advisory products and services.

[more]

I was on the CFPB’s Consumer Advisory Board. Until Mulvaney fired me

06/12/18

Mick Mulvaney is gutting the consumer watchdog, and it bodes poorly for hardworking Americans.

[more]

Santander Consumer lending practices draw fire from AFL-CIO

06/12/18

The largest U.S. labor federation is calling on Santander Consumer USA to end its practice of allowing car dealers to add interest to a vehicle loan unrelated to the borrower's creditworthiness.

[more]

Relief may be in reach for bankers fed up with SARs

06/12/18

Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.

[more]