CFPB Monitor

AUGUST 29, 2016

The CFPB announced that it has entered into a consent order with First National Bank of Omaha to settle charges that the bank engaged in unfair or deceptive acts or practices in connection with the marketing and sale of credit card add-on products and the billing of consumers for such products.

Cards 84

Cards Omaha Policies Compliance 84

Jeff For Banks

DECEMBER 12, 2017

The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. That got regulator's attention in the form of a May 2011 Consent Order (CO). Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. How did they lose it? Welcome to the list! #2.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

CB Insights

NOVEMBER 22, 2017

Commercial operation of offshore fish farms has been limited to date due to regulations, as well as the challenges of efficiently operating a large farming operation far from land. Offshore farming regulations are loosening. Offshore fish farming has seen growing interest in the last decade.

Study 45

Study Operations Regulation Regional 45

Tomorrow's Transactions

DECEMBER 7, 2016

The first card was issued back in 2002 and by October 2006 there were a million cards in circulation. Hence I couldn’t resist asking their Lordships whether the transport secretary’s announcement on this very same day of some sort of national travel smart card today was an attempt to introduce an identity card by the back door….

blockchain 30

blockchain Case Study Cards Bitcoin 30

CB Insights

FEBRUARY 28, 2019

And it’s not one that can be fixed with regulation. Improved ‘transparency’ — a favorite remedy of politicians, commentators and financial regulators for averting future train wrecks — won’t cure the problems that derivatives pose. 2002 : [link]. Indeed, if all U.S. 1977 : [link].

Omaha 78

Omaha Company Capital Management 78

Celent Banking

JANUARY 26, 2017

The timing is also interesting, as only two weeks ago outgoing President Obama’s National Economic Council (NEC) released a new whitepaper called A Framework for FinTech. The NEC, a policy advisory unit of the White House established in 1993, proposed 10 high-level principles designed to move the US fintech industry forward. .”

Regulation 100

Regulation Policies Philadelphia Fintech 100

PYMNTS

JUNE 12, 2018

According to Financial Times , the Economic Growth, Regulatory Relief, and Consumer Protection Act has a number of provisions that primarily target banks deemed too small to be a serious risk to the nation’s financial system. Though further legislation seems unlikely, regulators are already making life easier for banks in general.

US 108

US Regulation Washington Policies 108

CFPB Monitor

DECEMBER 18, 2020

The Attorneys General of California, Illinois, and New York have filed a motion for summary judgment in their lawsuit filed against the Office of the Comptroller of the Currency (OCC) to enjoin the OCC’s final rule purporting to override the Second Circuit’s Madden decision as to national banks and federal savings associations.

FDIC 78

FDIC District of Columbia North Carolina New Jersey 78