PYMNTS

SEPTEMBER 12, 2018

regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. In June, Wells Fargo submitted the plan to regulators as part of a $1 billion settlement it reached with the CFPB and the OCC. Reuters noted that there is no deadline for when the regulators need to sign off on the plan.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 40

FICO

DECEMBER 20, 2021

After more than a decade of waiting, the Consumer Financial Protection Bureau will issue long-awaited regulations, in accordance with section 1033 of the Dodd-Frank Act , that provide consumers with a right of access to their financial information. However, 2022 should signal a change.

CFPB 52

CFPB Financial Inclusion OCC Rules 52

PYMNTS

NOVEMBER 27, 2017

Federal and state officials have been investigating whether the GAP insurance is unnecessary, and whether interest rates on the loans increased too much as a result of the GAP protection. The Office of the Comptroller of the Currency (OCC) is looking into Wells Fargo’s auto loans business as well. .

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CFPB Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Product 40

Clearly Payments

FEBRUARY 8, 2024

To ensure the smooth operation of this system and protect the interests of all stakeholders, a robust regulatory framework is in place. This article aims to provide an in-depth overview of the key regulatory organizations, payment regulations, and prevailing trends that shape payment regulation in the USA.

Regulations 87

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 87

PYMNTS

OCTOBER 23, 2019

Office of the Comptroller of the Currency (OCC) does not have the power to grant national charters to financial technology (FinTech) companies, The Wall Street Journal reported on Tuesday (Oct. An increasing number of banks are swapping their own regulators in exchange for oversight by the OCC. The court decision on Monday (Oct.

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OCC Office of the Comptroller of the Currency Rules FinTech 40

FICO

AUGUST 27, 2018

This document is the fourth in a series of reports in response to Executive Order 13772 that details the President’s core principles for financial regulation. Quick Take : The report was on the mark in encouraging regulators to help facilitate the development of new solutions utilizing alternative data.

FinTech 49

FinTech Treasury OCC Federal Trade Commission 49

PYMNTS

FEBRUARY 7, 2018

6), Comptroller of the Currency Joseph Otting had nothing but praise for acting Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney. After a 45-minute meeting on Tuesday (Feb. According to American Banker , the two met to discuss how to reduce regulatory burden, as well as to coordinate supervision of financial firms.

Rules 43

Rules Consumer Financial Protection Bureau (CFPB) OCC CFPB 43

PYMNTS

OCTOBER 11, 2017

No one will argue the point that regulation is not necessary or that abuses don’t happen. Reading through the collective reactions of the financial services ecosystem over the last seven days makes one thing very clear: The CFPB may have called its payday lending regulations a final draft, but this process is far from over.

Rules 43

Rules CFPB NCUA Credit Union 43

FICO

DECEMBER 19, 2018

The FCC Will Issue a Major Declaratory Ruling on the Telephone Consumer Protection Act (TCPA). I believe this will slip a few months but by June 2019 the proposed regulations will finally be available for public review and comment. This past year has been one of promise and progress for those waiting on TCPA reform.

BSA 40

BSA Fincen Suspicious Activity Report (SAR) SARS 40

FICO

JANUARY 9, 2017

consumer lending market anticipated 2017 would be more of the same. This meant a continued focus on implementation of recently adopted rules, while bracing for a wave of new regulations from the federal banking agencies. A little-known law will have big impact on regulation. Everything changed on November 8. You are not alone.

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Cybersecurity CFPB Regulatory Compliance Legal 78

FICO

JULY 17, 2017

With the recent issuance by the Consumer Financial Protection Bureau (CFPB) of its controversial final arbitration rule , House and Senate Republicans quickly announced their plans to rescind the rule under the Congressional Review Act. So where does that leave us? Is there any hope for financial regulatory reform?

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) CFPB Office of the Comptroller of the Currency Financial Crimes 40