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.

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N.Y. to Bank of Tokyo-Mitsubishi: Your regulator swap’s illegal

02/01/18

The state's banking regulator, Maria Vullo, said in a legal filing that the Tokyo lender's request last year to shift regulators — trading its state license for a federal one — was granted arbitrarily and unlawfully.

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Senate bill would reverse FHLB membership rule

02/01/18

Three senators have unveiled a bill that would allow captive insurance companies to regain full membership in the Federal Home Loan Bank System.

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Hatch touches a third rail: Should credit unions be taxed?

02/01/18

Credit union groups were scrambling Wednesday to respond to a letter from Senate Finance Committee Chairman Orrin Hatch questioning whether the industry had outgrown its income-tax exemption.

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Court upholds CFPB structure; Harder look at bitcoin

02/01/18

Appeals court says single director is constitutional; the CFTC is rethinking policies because of bitcoin.

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Why special dividends could make a comeback at big banks

02/01/18

Swelling capital levels, tax cuts and changing attitudes about post-crisis regulation could encourage bigger banks to issue the one-time payouts to reward shareholders and better manage their returns.

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What CFPB gained, lost in constitutionality case

01/31/18

A federal appeals court handed a major victory — and a significant defeat — to the CFPB by upholding its constitutional structure while also slapping down the agency's practice of making new interpretations of law through enforcement actions.

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CFTC subpoenas add to fears of an unsustainable crypto bubble

01/31/18

Regulatory scrutiny of Tether and Bitfinex is spooking investors, though others argue the industry remains strong.

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In Super Bowl limelight, U.S. Bank aims to become household name

01/31/18

The bank will step onto the national stage this weekend when the Patriots and Eagles face off at the Minneapolis stadium where it holds the naming rights. It has taken steps to capitalize on the exposure ahead of its expansion into new markets.

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CFPB seeks input on overhaul of internal legal proceedings

01/31/18

The Consumer Financial Protection Bureau is seeking comment on how it sues companies via an internal process rather than the traditional court system.

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