Links in “Agencies”

In 2012 American Credit Crunchers LLC was charged with deceptive payday loans. Checks are going out today to those who were harmed by this company and its shenanigans. [5/18/15]

April’s list of enforcement actions have been published for your viewing pleasure. [5/18/15]

More than 40 million Americans have student debt, with an average of $30,000 per person. This debt proves harder to payback than consumers expect. Cue the CFPB, which is stepping in to see what it can do. [5/18/15]

The CFPB is turning up the heat on lenders with recently adopted revisions to its Consumer Complaint Database process. AffirmX VP Jane Pannier brings you what you need to know to make sure your financial institution stays ahead of the curve. [5/15/15]

In response to the top complaint received by consumers, the FTC has launched IdentityTheft.gov, a new, interactive resource that makes it easier for identity theft victims to report and recover from identity theft. [5/15/15]

Eight titles with over 50 Sections are presented in the Financial Regulatory Improvement Act of 2015. Key compliance areas include proposed efforts on revising Dodd-Frank's "Qualified Mortgage" safe harbor, expanded exceptions on privacy notices, expansion of 18-month examination cycle for smaller insured depository institutions, review of outdated regulations, new FFIEC Ombudsman to investigate examination complaints, and removal of right of rescission waiting period for reduction in mortgage rates. Chairman Shelby described the effort as a “working document intended to initiate a conversation with all members of the Committee who are interested in reaching a bipartisan agreement to improve access to credit and to reduce the level of risk in [the] financial system.” [5/15/15]

NCUA Chair Debbie Matz saluted law enforcement at a ribbon cutting ceremony for The Finest Federal Credit Union that was chartered in February.  The new credit union will serve the 74,000 members of the various law enforcement agencies in New York City. [5/14/15]

The CFPB launched a new public inquiry on the experiences of people in getting student loans and paying them back. What about student loans stresses you out? [5/14/15]

FinCEN honored law enforcement agencies that use BSA reporting in criminal investigations in a first-ever ceremony held at the U.S. Department of the Treasury. [5/13/15]

Thomas J. Curry, Comptroller of the Currency, discusses banker concerns regarding the CRA and how the proposed changes to the Act could strengthen small business loans. [5/13/15]