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The long-awaited proposal includes safe harbors to protect collectors from getting sued, but would restrict phone collection attempts and allow borrowers to opt out of receiving other communications.
May 7
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A proposal to give the Consumer Financial Protection Bureau jurisdiction over credit unions with $10 billion or more of assets has sparked a war of words between the longtime foes.
May 7
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A GSE exemption in the bureau’s “qualified mortgage” rule is set to sunset in 2021, and regulators should not try to extend it as some experts have suggested.
May 7
American Enterprise Institute -
The credit unions, all of them small institutions, will pay a total of $4,069 in penalties for tardy submission of Q3 2018 all reports.
May 7
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Fitch Ratings issued a negative warning for global banks after federal regulators proposed some relief from resolution plan requirements.
May 6
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The board has promised to hire an outsider, but senior executives are lobbying for acting CEO C. Allen Parker to lead the company.
May 6
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There is anticipation that the Consumer Financial Protection Bureau could release its debt collections proposal later this week.
May 6
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Proposals to modernize the Community Reinvestment Act should be geared toward making concrete improvements, not upending parts of the law that are already working.
May 6
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The California company was issued a consent order after it failed to meet the conditions of a January 2018 informal agreement.
May 6
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Big banks may have found a way to lower needed reserve levels; with Brexit delayed, Goldman will hold off on expansion.
May 6
