Bill addresses FHA mortgage foreclosure

By Douglas Clark  |   July 31, 2019   |   Federal

Rep. Maxine Waters (D-CA) has introduced the Federal Housing Administration (FHA) Foreclosure Prevention Act of 2019, requiring the Department of Housing and Urban Development to address FHA mortgage ...

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CFPB seeking feedback on “GSE patch” rule

By Dave Kovaleski  |   July 30, 2019   |   Featured

The Consumer Financial Protection Bureau (CFPB) is seeking feedback on a proposed rule related to the “GSE patch.” Specifically, the rule is related to the expiration of the temporary qualified...

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Fintech state regulation proficiency examined

By Douglas Clark  |   July 30, 2019   |   Federal

Conference of State Bank Supervisors (CSBS) personnel maintain state financial regulators possess the expertise, data, and real-time insight into how companies are interacting with consumers and funct...

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ABA encourages cannabis banking reform

By Douglas Clark  |   July 29, 2019   |   Federal

During recent testimony before the Senate Banking Committee, the American Bankers Association (ABA) encouraged the Senate to advance legislation providing cannabis-related businesses access to the reg...

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House advances robocalls legislation

By Douglas Clark  |   July 26, 2019   |   Federal

House lawmakers advanced this week the Stopping Bad Robocalls Act, noting the bill serves as legislator’s latest attempt to curb fraudulent robocalls. The legislation contained language amended i...

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NASAA lauds investor protection, service effort

By Douglas Clark  |   July 25, 2019   |   Federal

North American Securities Administrators Association (NASAA) officials are touting the benefits of regulators and industry convening in the coming months to discuss this year's theme, "100 Years of Pr...

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Equifax reaches data breach settlement

By Douglas Clark  |   July 24, 2019   |   Featured

Equifax has reached a data breach settlement with the Consumer Financial Protection Bureau (Bureau), the Federal Trade Commission (FTC) and 48 states, the District of Columbia and Puerto Rico. The ...

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Bill seeks to halt corporate inversions

By Douglas Clark  |   July 23, 2019   |   Federal

Sens. Dianne Feinstein (D-CA), Dick Durbin (D-IL) and Jack Reed (D-RI) introduced last week a measure designed to eliminate corporate inversions, which allow companies to shift corporate citizenship t...

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FDIC approves new rules related to failed banks

By Dave Kovaleski  |   July 18, 2019   |   Federal

The Federal Deposit Insurance Corporation (FDIC) board approved new rules designed to simplify the process for making insurance determinations when a bank is placed into receivership. "Timely acce...

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Measure seeks to halt government bailouts

By Douglas Clark  |   July 18, 2019   |   Featured

Sens. Todd Young (R-IN), Pat Toomey (R-PA) and Tom Cotton (R-AR) introduced Monday a bill designed to ensure federal funds cannot be used to help state, territory or local governments pay off obligati...

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