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WASHINGTON Financial regulators are proposing changes to their standards for evaluating institutions compliance with consumer protection rules to account for the evolution in supervisory approaches since the standards were adopted in 1980.
April 29 -
A federal appeals court case challenging the constitutionality of the Consumer Financial Protection Bureau is raising concerns that if the agency loses, it could open the floodgates for a flurry of other lawsuits against the CFPB.
April 29 -
Reflecting on his economic legacy, President Obama disputes the conclusion in "The Big Short" movie that nothing changed on Wall Street after the 2008 economic meltdown, and maintains that his policies have helped stabilize the financial sector.
April 28 -
Consumer Financial Protection Bureau Director Richard Cordray sent a four-page response to Sen. Bob Corker, R.-Tenn, about new mortgage disclosures but fell short of providing any new official guidance to address industry concerns.
April 27 -
Advocates on the left and the right routinely assert that "too big to fail" is still with us and that Dodd-Frank and other post-crisis reforms have not secured the financial system from excessive risk, and the public seems to agree. So where does regulatory policy go from there?
April 27 -
A number of banks have recently crossed $10 billion in assets, where caps on interchange fees and mandatory stress testing kick in, and more are set to pass the threshold shortly. Here is a look at the annual toll regulation will take on many of those institutions.
April 27 -
The newly released interagency net stable funding ratio proposed by the Federal Deposit Insurance Corp. Tuesday once again trains its focus on the largest and most internationally active U.S. banks, requiring them to hold stable liquid funding for at least a year.
April 26 -
The courts would not be getting involved in defining the reach of the Consumer Financial Protection Bureau if the architects of the agency had instituted a commission to oversee it.
April 26Baker Donalson -
The Consumer Financial Protection Bureau ordered the New Jersey law firm Pressler and Pressler and a debt buyer to pay $2.5 million for allegedly filing "mass-produced" lawsuits against consumers based on nonexistent debts.
April 25 -
The core problem with the living wills, as with other tools in the Dodd-Frank Act to end too big to fail, is that they are by definition an attempt at predicting future events.
April 25