Community Reinvestment Act (CRA) activity and discussions regarding how regulations promote lending, investment, and services took center stage during Comptroller of the Currency Joseph Otting’s tou...
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A recent American Bankers Association (ABA) white paper explains the pros and cons of security ratings, how the ratings work, and how financial institutions should use them. “As we see more secur...
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Sen. Mark R. Warner (D-VA) is lauding the Securities and Exchange Commission’s (SEC) recent proposal to modernize the reporting and disclosure of human capital management practices. Proponents o...
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Robert G. Cameron has been appointed to serve as the Consumer Financial Protection Bureau’s (CFPB) private education loan ombudsman. Cameron joins the CFPB from the Pennsylvania Higher Education ...
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Lawmakers are encouraging Social Security’s protection and strengthening, following the release of a report examining the nation’s retirement instability. “Despite Social Security’s success...
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Credit Union National Association (CUNA) officials said the organization is supporting Federal Trade Commission (FTC) Safeguards Rule amendments addressing national data privacy standards. “Stro...
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TD Bank's Student Debt Impact Survey results have determined loan payments have a dramatic impact on young adults' daily finances, placing their long term financial health in flux. “The results o...
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In the wake of regulators noticing a rise in potential crypto-related frauds, the North American Securities Administrators Association (NASAA) has opened probes into questionable cryptocurrency-relate...
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A newly released American Bankers Association (ABA) report maintains just over eight in 10 banks believe social media is important and are active on their social media accounts. “It’s remarkabl...
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New York’s Department of Financial Services (DFS) said last week it is leading a multistate investigation of the payroll advance industry as a means of examining unlawful online lending allegations....
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A recently released Investment Company Institute (ICI) study has found that workers’ participation in employer-sponsored retirement plans is significantly higher than suggested by some commonly cite...
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Sen. Sheldon Whitehouse (D-RI) and Rep. David N. Cicilline (D-RI) recently touted the benefits of a bill designed to streamline bankruptcy procedures while providing tools aiding business owners’ ab...
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Securities and Exchange Commission (SEC) officials will host a Main Street investors event later this month in Chicago, as part of the SEC’s ongoing investor engagement and education efforts. “...
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The Federal Reserve’s recent decision to move forward on building a real-time payments system has drawn plaudits from lawmakers. Sens. Chris Van Hollen (D-MD) and Elizabeth Warren (D-MA) and Rep...
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A Teachers Insurance and Annuity Association (TIAA) sponsored study maintains student loan debt has a significant impact on retirement savings, longevity planning, and family relationships. The eff...
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Sens. Ron Wyden (D-OR) and Jeff Merkley (D-OR) introduced legislation last week banning retroactive taxation, preventing states from imposing sales tax collection responsibilities on sellers for any s...
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Sen. Ben Cardin (D-MD) has introduced two pieces of legislation designed to empower entrepreneurs in underserved communities. Cardin said the Closing the Credit Gap Act and the Unlocking Opportunit...
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The Federal Deposit Insurance Corporation (FDIC) has published its 2019 Risk Review, which officials said highlights emerging risks and exposures in the banking system. “The FDIC is committed to...
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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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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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