Links in “Banks”
- Marijuana Banking Bill Introduced
The Senate bill would protect banks that provide services to legal marijuana businesses. [7/13/15]
- Dodd-Frank at 5: Reduced Financial Stability
Witnesses at a House hearing on the 5th anniversary of Dodd-Frank testify on how the 400 new regulations enacted in the 2,300-page law is a threat to the country's financial viability. [7/13/15]
- DOJ Internal Watchdog: No Evidence of Operation Choke Point Wrongdoing
Internal watchdog finds no evidence that DOJ attorneys engaged in misconduct or improperly targeted payday lenders or other lawful businesses in its investigation known as Operation Choke Point. [7/13/15]
- They Don’t Call it a Compliment Database
The CFPB provides plenty of tools for users of the consumer complaint database, now featuring complaint narratives, to share the items via social meet, such as on Facebook, Twitter or email. One way to help avoid seeing the scales tipped totally the other way is to solicit feedback from consumers before they feel that turning to the CFPB is their only choice. What's more, customers with positive experiences could become evangelists for the financial institution. [7/13/15]
- OPM’s “Final Body Count” Also Includes Fingerprint Count
The hack that hit the government's background-check investigation database exposed data on some 21.5 million individuals, including 1.1 million fingerprint scans. 1.8 million of those affect were spouses or other members of applicants' households. [7/10/15]
- 53 State Banking Associations Lend Support to TAILOR Act
The Taking Account of Institutions with Low Operation Risk Act of 2015, which would direct regulators to consider the risk profile and business model of an institution, receives the support of 53 state bankers associations. [7/10/15]
- ABA Lobbies for 3-Month “Restrained Enforcement” Period for TRID
ABA sends its comment in to the CFPB about the proposed extension of the TILA-RESPA Integrated Disclosures rule to Oct. 3 by proposing a 3-month period following the proposed extension date of restrained enforcement and liability. [7/10/15]
- CFPB Keeps OIG Busy
The Office of Inspector General has released its work plan for the next four quarters. It includes a security review of the CFPB's website, its information security program, its contract awarding process, and the headquarters renovation project. [7/10/15]
- Deceptive Debt Sales and Collections Cost JPM $166 Million
The CFPB hits JPMorgan Chase for $136 million to settle claims that it used abusive tactics to collect debts. "This is another failure by Chase to comply with the law." [7/9/15]
- CFPB, Servicemembers, Student Loans: The Perfect Storm
The CFPB releases a report of more than 1,300 complaints from military borrowers having trouble with their student loans. [7/8/15]
