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The CFPB's decision to drop a requirement that third parties verify a debt's accuracy before collecting on it is likely to speed the agency's efforts to write rules for all parts of the debt collection market.
June 16 -
CFPB Director Richard Cordray took issue with a House Republican report that said he lied about his agency's role in investigating the Wells Fargo phony-accounts scandal.
June 16 -
While the bill recently passing the House is right to do away with overly burdensome regulations of Dodd-Frank, it is wrong to leave government without adequate tools to protect the financial system.
June 16
NYU Stern School of Business -
Readers chime in on the GSE conservatorships, bitcoin’s future, regulatory relief for regional banks, a recent Supreme Court ruling on debt collection, and more.
June 16 -
U.S. C&I loan growth has dropped below that of the eurozone for the first time in six years; bank employee says Chase discriminates against fathers when it comes to family leave.
June 16 -
The online lender, which focuses on high-earning millennials, is offering assurances that it will also serve Americans who make less money. But the company has not convinced critics, who say the plans are inadequate.
June 15 -
Senate Banking Committee Chairman Mike Crapo sounded optimistic Thursday about reaching a bipartisan deal for regulatory relief, but a hearing once again emphasized the gulf between what lawmakers are likely to pass and what the industry is seeking.
June 15 -
The Consumer Financial Protection Bureau proposed further changes Thursday to its final rule on prepaid cards and is seeking public comment on whether to delay implementing it a second time.
June 15 -
The legislation passed by the House to roll back Obama-era regulations is being touted as vital for small banks, but the bill’s main beneficiaries are elite megabanks.
June 15
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Job cuts are the beginning of a new round of cost-cutting; Wells accused of modifying home loans on distressed borrowers without customer or bankruptcy court approval.
June 15









