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Ocwen Hit With Several Cease-And-Desist Letters From State Regulators
Thursday, April 20, 2017 - 1:57pm | 503Read More...Citing mismanagement of escrow accounts and poor financial condition, mortgage regulators from more than 20 states issued Ocwen Financial Corp (NYSE: OCN) and its subsidiaries cease-and-desist orders Thursday. A lawsuit from the Consumer Financial Protection Bureau shortly followed. The Florida-...
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What Is The 'Prepaid Card Rule,' And Why Is Congress Likely To Disapprove It?
Tuesday, April 4, 2017 - 10:15am | 741Read More...In another move toward deregulation, Congress is on the verge of passing a bill intended to disallow the Prepaid Card Rule submitted by the Consumer Financial Protection Bureau, or CFPB. Rule Likely To Be Repealed Height Securities said in a note on Monday the Senate resolution proposed last week...
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'Know Before You Owe' Prepaid Card User Protections At Risk From New Senate Bill
Thursday, February 9, 2017 - 3:54pm | 548Read More...The pro-company Trump administration and Republicans are moving full throttle to unfetter companies, held back by myriad rules and regulations. In one such move, Republican Sen. David Perdue introduced a resolution on February 1 to provide for Congressional disapproval for the rule submitted by...
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KBW: Visa's 10-K Filing Contains Several 'Interesting Items'
Friday, November 21, 2014 - 1:33pm | 238Read More...Sanjay Sakhrani of Keefe, Brueyette & Woods found several interesting items in Visa Inc's (NYSE: V) 10-K report filed on Friday. Sakhrani notes that the Consumer Financial Protection Bureau (CFPB) dropped its inquiry into how the company converted U.S. cardholder's foreign...
