This injunction, issued on July 31, currently covers members of the American Bankers Association and Texas Bankers Association and will likely amount to a minimum of a 10-month delay in the compliance deadlines for their members, even if the CFPB prevails in all of its litigation pertaining to its funding structure.
The main arguments in the ELFA’s letter are based on competitiveness, the economics of supporting infrastructure (e.g., software), and the illogic of having institutions that are at the less robust end of the compliance programs spectrum be required to comply first.
“[Miles] will go out of his way to make sure the people around him have everything they need to go as far in their careers as they want.” – Michelle Speranza, Chief Marketing Officer, LEAF Before he began to consider... read more
“Don is a true leader who impacts so many of our lives and careers in a positive way every day. Always insightful, inspiring and courageous. He has set the bar high — a true hall of famer.” Steve Grosso, CEO... read more