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CFPB ratifies regulations following Supreme Court decision

CFPB ratifies regulations following Supreme Court decision The Consumer Financial Protection Bureau ratified most regulatory actions it took from Jan. 4, 2012, through June 30, 2020. The CFPB said...

Jul 08, 2020
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

SoFi ditches ILC push for full-service bank charter

SoFi ditches ILC push for full-service bank charter Fintech company SoFi applied for a full-service national bank charter with the OCC after withdrawing its industrial loan company application...

Jul 10, 2020
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Article
Lending

ICBA continues fighting debt plan for largest credit unions

ICBA continues fighting debt plan for largest credit unions ICBA continued pushing back against a National Credit Union Administration proposal that would allow the largest and most complex credit...

Jul 10, 2020
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Article
Credit Unions

ICBA urging ILC grassroots outreach

ICBA urging ILC grassroots outreach ICBA is calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole. ICBA is calling on community...

Jul 09, 2020
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Article
Lending