OCC Adds Marketplace Lenders to 3rd Party Risk Management Rule

OCC Adds Marketplace Lenders to 3rd Party Risk Management Rule

Late last month the U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC) issued a bulletin updating risk management procedures for financial institutions working with 3rd parties by adding marketplace lenders. “Marketplace lender” is...
Polls Signal Disconnect Between Lawmakers, Voters on CFPB

Polls Signal Disconnect Between Lawmakers, Voters on CFPB

Recent polls suggest that the Trump Administration’s distaste for the CFPB may not be shared by his constituents. A December study released by GloverParkGroup (GPG) regarding regulatory intervention showed only 19% of Trump voters believed Wall Street is...
UPDATE: Tug-o-War The Unpredictable Fate of the CFPB

UPDATE: Tug-o-War The Unpredictable Fate of the CFPB

UPDATE: On February 16th, the D.C. Circuit court announced that it would rehear the PHH case en banc. Its previous ruling is now vacated, including the Court’s holding that the structure of the CFPB is unconstitutional. The constitutionality question is expected to be...

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