Weekly Regulatory Deadlines | November 06 to November 12
Minnesota is poised to be a capital of 'fintech' innovation
Minnesota has already become a leader in several industries — from medical innovation to agriculture — but one area that continues to show new promise is in financial technology, or “fintech"...
As CFPB prepares to end QM patch, Congress tries to soften the blow
National Mortgage News 11/12/2019
Just as the Consumer Financial Protection Bureau wants to end a regulatory exemption for loans backed by Fannie Mae and Freddie Mac, some lawmakers want to soften the impact of the two companies losing their special treatment...
Looking Beyond Profits
The New York Times 11/11/2019
Communicating with employees is a bit like building a bank account, according to Alex Gorsky, the chief executive of Johnson & Johnson: making contributions over time, developing a reservoir of trust, because “someday you’re likely going to need to make a withdrawal”...
Bill to impose 36% rate cap on consumer credit expected to be introduced
Consumer Finance Monitor 11/11/2019
According to an NPR report published last week, a group of lawmakers consisting of three Democratic Senators, one Democratic House member, and one Republican House member is expected to introduce House and Senate versions of the “Veterans and Consumers Fair Credit Act,” a bill that would effectively establish a 36% rate cap for consumer loans...