Weekly Regulatory Deadlines | October 30 to November 05
Implementing the Financial Policy Committee's recommendation on loan to income ratios in mortgage lending - Consultation Paper 11/14
UK-PRA | Lending, Mortgage Lending | Consultation paper
Bill expands grounds for MAS to revoke bank licenses
The Straits Times 11/04/2019
The grounds on which bank licenses can be revoked by the Monetary Authority of Singapore (MAS) will be expanded, among other proposed changes introduced in Parliament yesterday...
ATM Coin Founders Ordered to Pay $4.25 Million for Fraud
A U.S. court issued penalties against the team and firms behind ATM Coin for fraud and misappropriation of client funds in case brought by the CFTC...
$11 trillion U.S. mortgage market has a shadowy new player
American Banker 11/05/2019
Financial regulators have been put on notice about the risk of an economically damaging cash crunch in the home mortgage market. Behind the concern: The rapid growth of shadow banks in the origination and servicing of home loans...
CFPB and states file action against student loan debt relief companies and individual owners and managers
Consumer Finance Monitor 11/04/2019
The CFPB, joined by the Minnesota Attorney General’s Office, North Carolina Department of Justice, and the Los Angeles City Attorney, filed a lawsuit in the U.S. District Court for the Central District of California against two companies involved in the marketing and sale of student-loan debt-relief services as well as individual owners and managers of the companies alleging violations of the CFPA, the Telemarketing Sales Rule (TSR), and various state laws...