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State Bank Regs File Suit To Block OCC’s Bank Charter

PYMNTS

More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business. Reports in Reuters on Thursday (Oct.

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 FinTech Reg Sandbox Takes Shape Via CFPB

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The Office of the Comptroller of the Currency (OCC) says that it has warned some financial companies that they should modify lending terms. That movement comes as matters requiring attention — citations put forth by the OCC to modify lending practices — are up 24 percent year over year, as measured in the first quarter.

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CFPB Has Spoken: Payday Lending Regs Drop

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Headline writers found no shortage of dramatic ways to characterize the final version of the CFPB’s short-term lending rule that dropped yesterday (Oct. But today, the journey came to an end as the CFPB has offered its final ruling on the future of the payday and title lending industry in this country. “The clamp down.” “The

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War-Gaming The Future Of Small-Dollar Lending

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The CFPB was a few weeks away from releasing new draft regulations, and the money was on regs that would by and large neuter the industry. When the draft rules were released in early June 2016 — all 1,400 pages of them — that concern became a certainty. Will the rule be pulled back?” Purcell asked hypothetically.

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