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MetLife, FSOC settle argument over ‘systemically important’ designation
The Financial Stability Oversight Council and MetLife, Inc., have asked for the dismissal of the FSOC’s appeal of a decision that the designation of the company as a systemically...
Misused safe harbor language gives debt collector no safety
Language created by a court specifically to be used by debt collectors to tell consumers how much they owe does not protect debt collectors from Fair Debt Collection Practices Act liability if that...
Mulvaney to call for information on CFPB performance
The Consumer Financial Protection Bureau is planning a series of requests for information that are intended to provide evidence on how well the Bureau is doing its job. The RFIs will ask for comments...
CFPB announces plans to reconsider payday lending rule
On the very day its payday lending rule takes effect, the Consumer Financial Protection Bureau announced that it intends to engage in a rulemaking process to reconsider the final rule. The...
Fed fines five banks $35M for mortgage servicing deficiencies
The Federal Reserve Board terminated enforcement actions related to residential mortgage loan servicing and foreclosure processing issued in 2011 and 2012 against 10 banking organizations. Also, the...