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Consumer Compliance

Express Banking welcomes new customers into Fifth Third with a real banking relationship.

Fifth Third’s low-cost winner

Serving unbanked and underbanked people is express purpose of Express Banking
CFPB scrutinized credit score and credit monitoring services offered by two major consumer credit reporting companies.

Credit firms settle deception claims

In CFPB case TransUnion, Equifax pay $23.1 million over charge of misrepresenting monitoring services
Wells Fargo hit on military lending

Wells Fargo hit on military lending

Must pay restitution and penalties for violating Servicemembers Civil Relief Act.
Bank boards must close up the gaps to oversee compliance appropriately.

Compliance risk rises to top of board agenda

In wake of Wells affair, directors must reconsider what “risk appetite” really means
Surviving a CFPB exam

Surviving a CFPB exam

Preparation’s half the secret. Making your case early helps too
Former #2 regulator at CFPB Steve Antonakes now drives a building up of compliance at Eastern Bank. He shares his perspectives on disclosure and more, and how Eastern prepares to cross the $10 billion threshold.

How former CFPB official handles compliance

Eastern Bank’s Steve Antonakes brings experience to bank side of the table
Credit reporting’s new expectations

Credit reporting’s new expectations

Demanding new standards ahead for furnishers of credit information
Bureau proposes arbitration rule

Bureau proposes arbitration rule

Broad approach would affect many relationships, barring class-action waivers but not individual waivers
This viewpoints article, part of a series, looks at the Community Reinvestment Act as it approaches its 40th anniversary. We welcome responses in the comment section below. Proposals for viewpoints articles and UNconventional Wisdom guest blogs should be directed to scocheo@sbpub.com

Looking at CRA afresh

Viewpoint series 1: Almost 40 years later, is it still necessary? Did it contribute to the subprime crisis?
Looking ahead on mandatory arbitration

Looking ahead on mandatory arbitration

CFPB arbitration study fuels bureau effort flying in face of Supreme Court precedence
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