CFPB Monitor

OCTOBER 9, 2018

Last week, the Connecticut Fair Housing Center, Inc. filed a complaint against Liberty Bank in Connecticut federal district court alleging that the Bank engaged in discriminatory mortgage lending in violation of the federal Fair Housing Act.

Connecticut 74

Connecticut Lending Comparison Regional 74

CFPB Monitor

MAY 19, 2022

The Order also directs SoLo to stop enforcing loans made to Connecticut residents and make restitution of any amounts it obtained in connection with such loans together with interest. Some Connecticut borrowers were assessed a late fee equal to 15% of the principal loan amount, which was generally split equally between the lender and SoLo.

Connecticut 78

Connecticut Operations Fintech Regulation 78

PYMNTS

OCTOBER 9, 2018

The New York Attorney General and the Connecticut Attorney General are investigating the Google data breach that may have exposed the private data of at least 500,000 users. In addition, Ireland’s data protection regulator said it would request additional information from Google regarding the breach. “The

Google 158

Google Data Connecticut New York 158

PYMNTS

NOVEMBER 30, 2017

Privacy regulators of the European Union said Wednesday (Nov. According to a news report in Reuters , European data protection authorities said regulators from France, Italy, Spain, Belgium, the U.K. But it’s not just European regulators who want answers from Uber. Meanwhile, regulators in the U.K., Lawmakers in the U.S.

Regulation 100

Regulation Connecticut Illinois Massachusetts 100

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue.

El Paso 195

El Paso United States Miami New York City 195

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., According to a report in Fortune published Wednesday (Nov. Meanwhile, in the U.K., were impacted by it.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

CFPB Monitor

JULY 5, 2023

Under the current law, the APR is calculated under the provisions of the federal Truth-in-Lending Act and associated regulations. . The primary changes are as follows: New APR calculation (Section 1, subdivision (2), Revising 36a-555(2)). Continue Reading

Connecticut 78

Connecticut Lending Regulation 78

PYMNTS

JANUARY 14, 2021

In today’s top news, Connecticut’s Attorney General has opened an antitrust probe into Amazon’s eBook business, and Petco beat expectations in its IPO. Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business. ECB's Lagarde: Bitcoin A Money Laundering Tool, Needs More Regulation.

eBook 130

eBook Connecticut Bitcoin Retail 130

CFPB Monitor

JULY 2, 2021

The order applies to individuals working on behalf of persons licensed in Connecticut as: Consumer collection agencies; Debt adjusters; Debt negotiators; Mortgage brokers, mortgage correspondent lenders or mortgage lenders; Mortgage servicers; Sales finance companies; Small loan companies; and.

Connecticut 78

Connecticut Maine United States Regulation 78

CFPB Monitor

NOVEMBER 12, 2014

Mishkin Below is an update on the lawsuits we have been following that state attorneys general and a state regulator have brought using their Dodd-Frank enforcement authority. Florida/Connecticut.

Mississippi 100

Mississippi Regulation Illinois Florida 100

PYMNTS

SEPTEMBER 2, 2020

As reported by CNN , Connecticut-based Aquiline Drones is aiming to debut a smartphone app that will allow licensed drone operators to do short-term, project-based work as drone pilots. The guidelines would classify drones as a “special class” of airplanes, with regulations similar to those seen for business aircraft or small private planes.

Operations 217

Operations Connecticut Course Guidelines 217

PYMNTS

JULY 31, 2020

Department of the Treasury that charters and regulates financial institutions. The initiative was co-led by new investor Gallatin Point Capital LLC, a Connecticut private investment firm, and existing investor The Rise Fund , a global impact investment fund. OCC is an independent bureau of the U.S. To date, Varo has raised $419.4

National 172

National Fintech San Francisco Connecticut 172

CFPB Monitor

APRIL 11, 2022

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.

Connecticut 78

Connecticut Company Regulation social media 78

CFPB Monitor

DECEMBER 29, 2020

According to the Bureau, RAB threatened to sue, sued, and demanded payment from consumers in Connecticut, New Jersey, and Rhode Island even though RAB did not hold the licenses that those states required to sue to collect debts. After obtaining the default judgments, RAB used judgment-enforcement mechanisms to collect on the judgments.

New Jersey 137

New Jersey Rhode Island Connecticut Compliance 137

PYMNTS

MAY 23, 2020

The pilot in Tampa is not unique: In Cincinnati, Atlanta, New Jersey, Massachusetts, California and Connecticut, local governments are trying out arrangements to allow restaurants to reclaim space not normally used for serving customers to make reopenings possible. In Connecticut, Gov.

Tampa 249

Tampa Connecticut Guidelines New York City 249

PYMNTS

SEPTEMBER 7, 2018

A new bank, launched by one of the Federal Reserve’s own, is now suing the Fed of New York , accusing the regulator of preventing the bank from moving forward with its business plans. based in Connecticut, is suing the Fed for its inaction on an application to open an interest-bearing account at the New York Fed. percent.

Connecticut 100

Connecticut New York Washington Report 100

PYMNTS

FEBRUARY 1, 2019

According to Bloomberg , Attorneys General in Pennsylvania, Illinois and Connecticut are investigating existing allegations against the company, while New York, New Jersey and Massachusetts are looking to find any potential unknown violations. regulators met to discuss issuing a “record-setting” fine against the company. billion.

North Carolina 108

North Carolina New Jersey Connecticut social media 108

PYMNTS

DECEMBER 23, 2019

While Amazon reportedly attaches the badge to many legitimate listings, it also appears with products that make false claims or that regulators have noted safety concerns about, as well as listings that have been manipulated by sellers to receive the endorsement. Bob Menendez and Connecticut Sen.

New Jersey 131

New Jersey Connecticut Policies Branding 131

American Banker

JUNE 2, 2024

Numisma, a Connecticut-chartered uninsured bank, was granted a Federal Reserve master account last week — the first bank with a novel charter to do so since the Fed issued its master account guidelines in 2022. Whether others can do the same is an open question.

Connecticut 84

Connecticut Guidelines Policies Compliance 84

PYMNTS

SEPTEMBER 11, 2017

and Canadian regulators to determine appropriate next steps. Pennsylvania Attorney General Josh Shapiro said in a statement that his state, along with Connecticut and Illinois, is leading a collaborative inquiry into the data breach. and Canadian residents. Equifax noted it is working with U.K. New York Attorney General Eric T.

Software 165

Software New York Connecticut Security 165

PYMNTS

DECEMBER 5, 2017

Florida Senator Bill Nelson introduced the bill, which was co-sponsored by Connecticut Senator Richard Blumenthal and Wisconsin Senator Tammy Baldwin. Forty-eight states currently have data breach notification laws , but they are inconsistent; the proposed bill would create uniform regulations across the country.

Data 134

Data Wisconsin Connecticut Florida 134

CFPB Monitor

MAY 23, 2019

Colorado and Maryland have each enacted legislation regulating student loan servicers. The law also requires student loan servicers to respond to inquiries and complaints within 30 days of receipt, and grants enforcement authority to the Office of the Commissioner of Financial Regulation.

Maryland 68

Maryland Colorado Regulation District of Columbia 68

PYMNTS

OCTOBER 14, 2019

Connecticut-based Booking Holdings – known best for operating Kayak.com and Priceline.com — joins Visa, Mastercard, PayPal, eBay, MercadoLibre and Stripe in departing from the project. Membership was originally made up of 28 founding members, but the total continues to dwindle amid widespread scrutiny from regulators worldwide.

Connecticut 101

Connecticut cryptocurrency Meeting Policies 101

CFPB Monitor

FEBRUARY 16, 2022

Around the nation, regulators are preparing to implement and enforce new consumer-like disclosure laws for small business commercial finance providers. New York regulators have yet to issue final regulations implementing the state’s Commercial Finance Disclosure Law (CFDL), which went into effect on January 1, 2022.

North Carolina 78

North Carolina Missouri Maryland Mississippi 78

CFPB Monitor

JANUARY 27, 2015

Mishkin Below is an update on the lawsuits we have been following that state attorneys general and a state regulator have brought using their Dodd-Frank enforcement authority. Florida/Connecticut. On July 29, 2014, a Section 1042 lawsuit was filed jointly by the Attorneys General of Florida and Connecticut in a Florida federal court.

Regulation 60

Regulation Illinois Mississippi Florida 60

PYMNTS

OCTOBER 27, 2016

” The court added that state lawmakers are in the midst of drafting legislation that would regulate payroll cards used by Pennsylvania employers. Since the case first began, other defendants have joined, including payroll card issuers, like JPMorgan Chase.

Cards 100

Cards Pennsylvania Connecticut New York 100

CFPB Monitor

NOVEMBER 6, 2023

On November 2, 2023, the Consumer Financial Protection Bureau issued a report on the community reinvestment laws of seven states (Connecticut, Illinois, Massachusetts, New York, Rhode Island, Washington, West Virginia), and the District of Columbia that evaluate the record of state-chartered financial institutions and other lenders in meeting the credit (..)

Rhode Island 78

Rhode Island District of Columbia West Virginia Community 78

CFPB Monitor

MAY 5, 2020

The Connecticut federal district court has ruled in Pennsylvania Higher Education Assistance Agency v. Perez that demands by the Connecticut Department of Banking (DOB) to the Pennsylvania Higher Education Assistance Agency (PHEAA) for federal student loan documents are preempted by federal law.

Connecticut 78

Connecticut Pennsylvania Compliance Regulation 78

CFPB Monitor

AUGUST 7, 2019

The DFS states that the investigation will focus on “whether companies are in violation of state banking laws, including usury limits, licensing laws and other applicable laws regulating payday lending and consumer protection laws.” Illinois Department of Financial Professional Regulation. Oklahoma Department of Consumer Credit.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

PYMNTS

JANUARY 7, 2019

But at the same time, the laws governing biometrics are a work in progress, and as more consumers become more skeptical about the safety and use of their identities and data online, you can bet on more cases testing the boundaries of existing regulations. Illinois’ Role. for use of biometric data.

Illinois 161

Illinois Google New Hampshire Texas 161

American Banker

SEPTEMBER 11, 2024

Fieldpoint Private Bank & Trust and its parent company entered a written agreement with state and federal supervisors pledging to address several compliance issues.

Connecticut 41

Connecticut Compliance Company Regulation 41

American Banker

NOVEMBER 30, 2020

The regulator issued prohibitions for former credit union employees in Virginia and Connecticut.

Connecticut 45

Connecticut Virginia Regulation 45

PYMNTS

JANUARY 28, 2019

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities.

Cards 125

Cards New York Oklahoma Connecticut 125

PYMNTS

DECEMBER 1, 2017

The New York AG isn’t the only regulator that’s taken an interest in this story. Uber is also under investigation by the attorneys general of New York, Missouri, Massachusetts, Connecticut and Illinois. Privacy regulators for the European Union said Wednesday (Nov. authorities seeking an explanation.

New York 144

New York Data Regulation Washington 144

PYMNTS

JULY 15, 2016

Santander is a national bank based in Wilmington, Delaware, and operates a network of close to 700 retail branch offices in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.

Rhode Island 100

Rhode Island Delaware New Hampshire New Jersey 100

PYMNTS

FEBRUARY 4, 2020

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. And New Hampshire is far from unique: According to the Monitor’s reports, both Connecticut and Rhode Island have seen similar results with their online gambling platforms.

Online 134

Online New Hampshire Rhode Island District of Columbia 134

PYMNTS

APRIL 1, 2020

When working from home became the norm — and when home is in Westchester, New York, or Princeton, New Jersey, or Greenwich, Connecticut — the customer base vanished all at once. And when they announce new regulations every hour, you have to be very nimble. You literally have a flight of folks who moved out two weeks ago,” Yi explained.

Operations 171

Operations New Jersey Connecticut Course 171