Wells Fargo risks regulatory action over pace of restitution
Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal ...
Tag: OCC
U.S. House of Representatives votes to override OCC True Lender Rule
The U.S. House of Representatives on June 24 voted 218 to 208 to repeal the Office of the Comptroller of ...
Regulators urge ‘responsible’ use of alternative data
With lenders increasingly relying on nontraditional data to hone underwriting, five banking regulators have urged that lenders maintain “robust” compliance ...
A lenders guide to refund fees and charges of ancillary products
Ancillary products are under scrutiny by attorneys general, the Consumer Financial Protection Bureau and the Office of the Comptroller of ...
House Financial Services Committee urges oversight of alt-data
The use of alternative data by lenders could expand access to credit to more than 40 million consumers. Likewise, banks and credit unions are ...
Senators Urge Regulatory Oversight of AI to Prevent Discrimination
As auto lenders increasingly turn to technology like artificial intelligence to improve business practices, two senators are pressing regulators to ...
CFPB, OCC, Federal Reserve Prioritize Fintech Regulation in 2019
© Can Stock Photo / kentoh WASHINGTON, D.C. — Half of the bankers at CBA Live 2019 identified investments in ...
Wells Fargo Auto Originations Climb Despite Shrinking Portfolio
Via Ron Cogswell/ Flicker Though Wells Fargo Auto’s portfolio declined in the third quarter, the bank posted higher origination volume ...
