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The Office of the Comptroller of the Currency is seeking to create a regulatory sandbox that it hopes will allow fintechs and banks to experiment on innovations to the financial system.
June 23 -
Twenty current and former Democratic members of Congress sided with the Financial Stability Oversight Council in a legal brief filed Thursday, arguing that its designation of MetLife as a systemically important financial institution should not have been struck down in federal court.
June 23 -
WASHINGTON Sen. Elizabeth Warren, D-Mass., slammed a House GOP bill to reform financial regulation on Thursday, arguing it is being misrepresented by its author, Financial Services Committee Chairman Jeb Hensarling.
June 23 -
WASHINGTON Fannie Mae has delayed the roll out of its new automated underwriting system that will require mortgage lenders to use trended data for the first time in submitting their loans for approval.
June 23 -
The Consumer Financial Protection Bureau should have looked more closely at states like Colorado that protect consumers from true predatory lenders while still preserving access to credit.
June 23
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Bank of America admitted to wrongdoing in settling a U.S. regulator's allegations that it misused billions of dollars in customer funds to finance trades that benefited the firm.
June 23 -
Community bankers are trying to determine how they can offer affordable small-dollar loans that fit within the Consumer Financial Protection Bureau's complex 1,341-page payday lending plan.
June 22 -
Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial harm to consumers, according to a report issued Wednesday by the Consumer Financial Protection Bureau.
June 22 -
WASHINGTON Marijuana businesses and banks looking to open their doors to the potentially lucrative clients suffered a blow Wednesday after House Republicans blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against banks dealing with the businesses in states with legalized pot.
June 22 -
WASHINGTON Industry and consumer groups are calling on the Federal Housing Finance Agency to reduce the loan fees that homebuyers have to pay on Fannie Mae and Freddie Mac guaranteed mortgage loans.
June 22


