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US agencies provide advice for combatting elder financial exploitation

Finextra

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this (..)

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Federal Agencies Ask Lenders To Offer Small Loans To Ease Coronavirus Impact

PYMNTS

Five federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer small loans to consumers and small businesses in response to the coronavirus pandemic.

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New York Venture Bank Seeks National Bank Charter

PYMNTS

Citing documents filed with the Federal Deposit Insurance Corp. FDIC), the news report noted the new bank will begin with $100 million in capital. Its proposed president and CEO, Judith Erwin, is a former executive at Square 1 Financial. and John Flemming, Carpenter & Co.’s

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OCC Puts Small-Dollar Loans Back In The Spotlight

PYMNTS

Further uncertainty was added to the mix by the Consumer Financial Protection Bureau (CFPB), noted the CBA. The Bureau will strive to expand consumer choice, and I look forward to working with the OCC and other partners on efforts to promote access and innovation in the consumer credit marketplace.”.

OCC 40
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Proposed Bill Would Reform Bank Exam Processes

Global Fintech & Digital Assets

Key Provisions The FAIR Exams Act would amend the Federal Financial Institutions Examination Council Act of 1978 in three primary ways: 1. Whether the bill will garner enough support in Congress to become law remains to be seen.

FFIEC 52
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Is US Financial Regulatory Reform Dead or Ready for Take Off?

FICO

These include eliminating the proprietary trading restrictions of the ‘Volcker’ Rule, major changes to the Financial Stability Oversight Council and the diminished authority and independence of the Consumer Financial Protection Bureau (CFPB). And now there is even more on Congress’s plate.