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Supreme Court finds CFPB funding structure constitutionalFriday, May 17, 2024 The U.S. Supreme Court ruled 7-2 in favor of the Consumer Financial Protection Bureau (CFPB), settling a yearslong battle with Consumer Financial Services of America and ending uncertainty as to whether the CFPB’s funding structure was constitutional. |
Industry leaders take to the NS3 stage in NaplesFriday, May 17, 2024 More than 45 speakers will take the stage over three days at the 20th National Settlement Services Summit (NS3) at Naples Grande Beach Resort in Naples, Fla. Over 600 attendees will hear from them during 18 sessions, beginning Tuesday, May 21. |
October Research launches ‘Keys to Real Estate’ podcastFriday, May 17, 2024 October Research, LLC debuted its new “Keys to Real Estate” podcast, hosted by Chief Knowledge Officer Mary Schuster, on May 16. Industry professionals can now hear from some of the most knowledgeable thought leaders on topics impacting the real estate transaction while on the go delivered weekly via various podcast platforms and YouTube. |
Financial trades react to Supreme Court ruling on CFPB constitutionalityFriday, May 17, 2024 The Supreme Court’s 7-2 vote upholding the constitutionality of the Consumer Financial Protection Bureau elicited a slew of reactions from financial trade advocates. Common themes among the responses included relief the matter was settled and would not cause disruption in key economic sectors or to consumers.
Fed, OCC to hold public meeting on Capital One, Discover mergerFriday, May 17, 2024 The Federal Reserve and the Office of the Comptroller of the Currency will hold a joint public meeting to collect stakeholder feedback on a proposed merger between Capital One Financial Corp. and Discover Financial Services. The agencies also announced a second extension to the public comment period for the proposal through July 24.
FSOC report highlights nonbank mortgage activity, AI complianceTuesday, May 14, 2024 Nonbank mortgage activity and the use of automated tools in lending decisions are among the main focal points in the Financial Stability Oversight Council’s (FSOC) annual report summarizing key vulnerabilities in the financial system and recommendations for mitigating risks, as well as the council’s activities in 2023. Regulators commented on the need for FSOC to have more tools to help stem emerging financial stability risks.
Taylor Morrison exec to share keys to success as NS3 keynoteTuesday, May 14, 2024 Companies that embrace change and stay adaptable during market shifts are the ones that will succeed and grow. That’s the message Taylor Morrison Executive Vice President and President of Financial Services Tawn Kelley plans to deliver in her keynote address at the National Settlement Services Summit (NS3) May 21-23 in Naples, Fla.
Regulators divided on executive compensation proposalTuesday, May 14, 2024 Executive compensation at some of the country’s largest banks is the subject of a new proposal by federal banking regulators. The proposed rule would implement one of the last remaining provisions of the Dodd-Frank Act and requires approval from six regulatory agencies.
U.S. Bank names new presidentTuesday, May 14, 2024 U.S. Bancorp, the parent company of U.S. Bank, recently named its new president. She will bring her 27 years of financial services experience to her new role overseeing the company’s three business lines and will be tasked with ensuring the company maintains a shared focus on growth and holistic client experiences across its entire network.
Surveyed economists point to September Fed rate cutTuesday, May 14, 2024 A new report from Reuters showed a majority of economists expect two cuts to the U.S. Federal Reserve’s key interest rate, with the first coming this fall. Those results were collected during a May 7-13 poll and represent a significant leap in the number of economists forecasting a rate cut this year. In April, approximately half of respondents held that view.
Agencies publish community bank guide to third-party risk managementFriday, May 10, 2024 To support third-party risk management efforts among community banks, the three federal banking agencies unveiled a comprehensive guide to help those institutions navigate the complexities associated with third-party relationships. The guide highlights a host of considerations institutions are encouraged to keep in mind during the third-party relationship lifecycle.
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