Legal & Regulation

CFPB
CFPB Director Richard Cordray Shares Bureau’s FinTech Vision
March 07, 2017

On Monday (March 6), CFPB Director Richard Cordray presented at the LendIt USA Conference, providing attendees with an overview of where the bureau stands on FinTech innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Virginia Leads The Nation In Legalizing Delivery Robots
March 03, 2017

While not often given credit for being the most forward thinking place in the U.S., Virginia is getting out ahead of the innovation scene by being the first place in the U.S. where delivery robots are legal.  Many sources are erroneously reporting that Virginia is the...

CFPB
Once Again, Credit Reporting Agencies Lead CFPB’s Monthly Complaint Snapshot
March 01, 2017

The latest complaints snapshot from the CFPB is in — and once again, credit reporting has managed to lead the pack amongst things consumers are dissatisfied with.  Of the approximately 29,000 complaints handled in January, there were 7,730 complaints about debt collection. Get the Full...

Bank Regulation
China Appoints Reformer To Tackle Financial System
February 27, 2017

Guo Shuqing, the former head stock market regulator in China, has been appointed as chairman of the China Banking Regulatory Commission, replacing Shang Fulin, who was forced to retire after reaching the mandatory retirement age of 65. Get the Full Story Complete the form to...

Legal & Regulation
Companies Lobby For Google Critic To Head FTC
February 24, 2017

A handful of companies that have had runs in with Google are doing some behind-the-scenes lobbying with members of the White House in an attempt to play a role in who is chosen to head the Federal Trade Commission. Get the Full Story Complete the...

Legal & Regulation
Wells Fargo May Be On The Hook For Prudential’s Scandal-Related Costs
February 23, 2017

Dragged into the Wells Fargo false account scandal by questions as to whether or not retail bankers improperly sold its insurance, Prudential Financial Inc has made it clear it may look to Wells Fargo to cover its costs. The improper insurance account openings have made Prudential the...

Legal & Regulation
Rumor: Trump Said To Eye Ex-OneWest Employee For CFPB
February 23, 2017

President Donald Trump is reportedly considering a former OneWest Bank employee for a spot in his administration, said The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal & Regulation
Killing The Cannabis Cash Cow
February 22, 2017

As of 2017, there are 28 total states that have voted to legalize marijuana in some form for medical purposes — and 8 states, plus the District of Columbia, have voted for full legalization. Get the Full Story Complete the form to unlock this article...

Legal & Regulation
Banks Gear Up To Battle Debit Fee Limits
February 20, 2017

U.S. banks are revving up to take on a big lobbying battle with the goal of ending limits on debit card fees that they claim fail to really help consumers. They also allege that the limits have added up to a $42 million windfall for...