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Expected changes at CFPB under new leadership highlighted in Ballard Spahr webinar

CFPB Monitor

The webinar looked at the changes that the CFPB is likely to undergo under the leadership of Messrs. Mr. Cordray expects Mr. Uejio to put the CFPB on a path that is more in line with the agency’s vision for carrying out its mission that prevailed under Mr. Cordray’s leadership.

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FinTech Credit: Not So Clear And Present Danger?

PYMNTS

As noted by Forbes , the study found that a minority — make that 26 percent — of regulatory agencies surveyed by the FSB actually have definitions of FinTech lending in place. Those definitions stretch across peer-to-peer (P2P) lending or marketplace lending, for example.

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CFPB Fall 2021 Supervisory Highlights looks at credit cards, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittance transfers

CFPB Monitor

The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021. Fair lending. Payday lending.

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Brad M. Bolton: Compliance as a focal point

Independent Banker

Our senior leadership team took that to heart, and it stuck with us, creating an environment in which compliance plays a significant role in everything from our strategic direction to our daily operations. Fair Lending/Section 1071/TRID. My top three. Compliance discussions for every team: Reg E/Overdraft Programs and Representments.

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CFPB issues Fall 2019 Semi-Annual Report to Congress

CFPB Monitor

In addition, the Bureau provided supervisory recommendations “relating to supervisory concerns related to weak or nonexistent fair lending policies and procedures, risk assessments, fair lending testing, and/or fair lending training.”.

Report 78
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CFPB issues Spring 2020 semi-annual report to Congress

CFPB Monitor

The Bureau’s Fair Lending Supervision program initiated 14 supervisory events during the period covered by the report, which is 2 fewer than the number of such events initiated during the period covered by the prior semi-annual report.

Report 78
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CFPB issues Fall 2018 semi-annual report

CFPB Monitor

The report represents the CFPB’s first semi-annual report under the leadership of Director Kathy Kraninger. Mulvaney’s leadership of issuing semi-annual reports that were substantially shorter than those issued under the leadership of former Director Cordray. The Bureau also found that entities satisfied (i.e.

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