-
WASHINGTON The Consumer Financial Protection Bureau has agreed to ramp up its security policies on data collection in response to a recent Government Accountability Office report that raised nearly a dozen recommendations on the topic.
September 23 -
Unless regulators coordinate their efforts to reform banks' home lending, mortgage servicing and remittance businesses, American consumers will continue to lose access to affordable financial services.
October 15 -
New York Attorney General Eric Schneiderman has settled with debt collector Forster & Garbus regarding the firm's collection of payday loans.
August 15
The Massachusetts Division of Banks plans to hold a public hearing today on proposed changes to state lending regulations.
Two amendments on the agenda would modify consumer notification requirements for credit card bills and high-rate mortgage loans.
Details about the changes were not included in the announcement. The proposed changes would align state notification rules with requirements from the Consumer Financial Protection Bureau, the division said in a press release Wednesday.
Democratic Governor Duval Patrick will leave office at the end of the year. He will be succeeded by Charlie Baker, a Republican businessman who won the gubernatorial race Tuesday over Martha Coakley, the state's Democratic attorney general.
"These amendments are proposed in accordance with the Patrick administration's commitment to ensuring that the Commonwealth's regulations are both effective and efficient," the division said in Wednesday's release.
