NOT FOR REPRINT
Page Printed from: cutimes.com/author/profile/jesse-hamilton
Sign In To follow
Monday's regulatory report zooms in on the $130 billion stablecoin market and the cryptocurrencies it underpins.
"We see a category of debt that is growing faster than the income of the borrowers even as lenders loosen underwriting standards."
In April, the third-largest U.S. bank was hit with a massive enforcement action that included $1 billion in fines.
On Friday, the CFPB credits Citi for discovering the error and alerting regulators.
In reviewing a slice of the financial industry, experts believe Wells Fargo's illegal practices were isolated to that company.
Details emerge about how and why Mulvaney is rebranding the CFPB.
Does this mean post-crisis rules have been ripped to shreds?
In a concession to banks, the Fed also proposes easing some aspects of its stress tests.
