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Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

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Libra Association New General Counsel Is Former US Treasury Exec

PYMNTS

Before joining the association, Werner was founder and CEO of Green River Hollow Consulting and held leadership positions at several financial institutions, including HSBC and Goldman Sachs, where he served as the enterprise executive for policy, privacy and regulatory relations. He also headed financial crime compliance for Merrill Lynch.

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This week’s podcast: fair lending and website accessibility developments

CFPB Monitor

While the pace of the CFPB’s fair lending activities has slowed under its new leadership, significant fair lending developments are occurring elsewhere. In this week’s podcast, we discuss several of those developments and their broader implications.

Lending 79
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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

Mark Warner of Virginia arranged for a dinner with the social media executive with other senators and said, “Facebook leadership realizes that failure to have federal legislation [on internet issues] is actually going to hurt them and the whole platform industry in the long run.”. And, another legislator, Sen.

DC 109
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Debt Collection Tops ID Theft On FTC Complaint List

PYMNTS

The category of identity theft was seen most often in Missouri, Connecticut and Florida. Steps like the recent upgrade to IdentityTheft.gov and our leadership of a nationwide initiative to combat unlawful debt collection practices are critical to our ongoing work to protect consumers from these harms.”

Florida 100
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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies. The other state regulators identified in the DFS’s press release as joining the investigation are the following: Connecticut Department of Banking. Illinois Department of Financial Professional Regulation.

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The Case for Improving Work for People with Disabilities Goes Way Beyond Compliance

PYMNTS

Our research shows that the same inclusive leadership behaviors that leverage diversity to drive innovation and market growth can enable managers to support individuals with disabilities. But teaching managers to display inclusive leadership behaviors is just the first step. And they are more likely to have their ideas endorsed.