President Donald Trump signed an executive order Monday (May 1) in which a new technology council will be created to modernize the information technology systems of the government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As the Trump administration moves to rewrite banking regulations, it looks like a big change to the top of the regulatory structure could be coming down the pipe. Emerging repots indicate that the president is looking to replace Comptroller of the Currency Thomas Curry as...
Ever since the Dodd-Frank Act gave the Consumer Financial Protection Bureau (CFPB) jurisdiction over just about every US business that provides some form of consumer credit, Republicans have been complaining that the agency has too much power. Get the Full Story Complete the form to...
The Consumer Financial Protection Bureau (CFPB) just recently filed suit against four online lenders for allegedly collecting on consumer debts they were not legally owed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Conference of Bank State Supervisors (CSBS), an organization and advocate for the legislative and regulatory interests of state banking, has just filed suit against the Office of the Comptroller of the Currency (OCC) in response to the latter’s plans to offer banking charters to...
The Dodd-Frank Wall Street and Consumer Protection Act was supposed to prevent another 2008 banking meltdown — and solve the problem of “too big to fail.” But as it was in the process of being put into place, small banks and credit unions found themselves...
Today in Washington, President Donald Trump is scheduled to sign three new executive actions designed to jump start a review of tax codes and financial regulations — specifically rules set out under the Dodd-Frank financial reforms. Get the Full Story Complete the form to unlock...
As became public knowledge late last year, Wells Fargo spent years creating fraudulent accounts for customers without their consent. While much attention has been paid to Wells’ behavior, today a new player is in the spotlight — Wells Fargo’s regulator the Office of the Comptroller...
The fallout from last year’s Wells Fargo scandal continues. Most recently, Wells’ CEO Tim Sloan looked to persuade investors to not expel board members at the lender’s upcoming annual meeting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
