All Categories
    Filters
    Preferences
    Search
    RSS

    Blog

    Who is Kathy Kraninger? Meet Trump's Expected Nominee for CFPB Director
    0 Who is Kathy Kraninger? Meet Trump's Expected Nominee for CFPB Director

    Trump extends Mick Mulvaney's tenure as Acting Director at the Consumer Financial Protection Bureau amidst rumours that Kathy Kraninger will be nominated for the position 

    AML Bill Tabled Over Disagreement on Shell-Company Restrictions
    0 AML Bill Tabled Over Disagreement on Shell-Company Restrictions

    On Thursday, the 14th of June, the House Financial Services Committee tabled a vote on a bill to ease anti-money laundering (AML) requirements because Representatives disagreed about the exclusion of new restrictions on shell-company.

    Video - Fed Chairman Powell: "Pretty Full Docket" for Bank Regulation
    0 Video - Fed Chairman Powell: "Pretty Full Docket" for Bank Regulation

    Following the Federal Reserve's decision to raise rates, Federal Reserve Chairman Jerome Powell answers questions about potential regulatory changes. Link to Video in Post. 

    Simultaneous House and Senate Bills Introduced to Expand TCPA’s ATDS Definition to Stop Robocalls made from Lists
    0 Simultaneous House and Senate Bills Introduced to Expand TCPA’s ATDS Definition to Stop Robocalls made from Lists

    Two bills have now been introduced (one in each chamber of Congress) that, if passed, would largely moot the pending proceeding before the FCC regarding the scope of the TCPA. The new bills would expand the reach of the TCPA to cover predictive dialers–the most commonly used sort of dialers by marketers and servicers alike–although the bills would clarify that using dialers in preview or manual mode does not trigger statutory liability. That would essentially take the law back to where it was on July 9, 2015–right before the FCC expanded the statute to include every call made by every smartphone in America.

    ​​​WHAT'S THE DEAL WITH THIS POT-RELATED BANKING BILL?
    0 ​​​WHAT'S THE DEAL WITH THIS POT-RELATED BANKING BILL?

    Two Senators propose legislation that would give cannabis-related businesses in states that legalized the substance access to banking.

    Hackers Demand $770,000 Ransom From Canadian Banks
    0 Hackers Demand $770,000 Ransom From Canadian Banks

     

    Hackers have demanded a ransom of 1 million Canadian dollars ($770,000) each from two banks, payable in the cryptocurrency exchange system Ripple's XRP token

    Goldman Sachs vice president charged with insider trading
    0 Goldman Sachs vice president charged with insider trading

    Prosecutors said Woojae “Steve” Jung, a 37-year-old Korean citizen, made more than $130,000 by trading illegally on confidential information relating to upcoming transactions and merger negotiations that he was privy to through his job.

    Well, okay, then... Mulvaney renames CFPB
    0 Well, okay, then... Mulvaney renames CFPB

    The agency formerly known as the Consumer Financial Protection Bureau will now be the Bureau of Consumer Financial Protection, Acting Director Mick Mulvaney told an audience of more than 1,300 bankers at an American Bankers Association conference.

    *SMH* Equifax Breach Affected 2.4M MORE People Than First Reported
    0 *SMH* Equifax Breach Affected 2.4M MORE People Than First Reported

    Earlier this month, Reuters reported that 2.5 million more people's information was compromised in the Neverending EquiBreach Story. That means a whopping 147.9M people have been affected by last year's massive Equifax hacking(thus far... who knows... more victims may be discovered at a later date).

    CFPB Issues Amendments to the 2016 Mortgage Servicing Final Rule
    0 CFPB Issues Amendments to the 2016 Mortgage Servicing Final Rule

    This final rule replaces the single-billing-cycle exemption for periodic statements and coupon books with a single-statement exemption when servicers transition to providing modified or unmodified periodic statements and coupon books to consumers entering or exiting bankruptcy.