By Rob Chrisman
Posted To: Pipeline Press
Hundreds of capital markets folks have returned, bleary-eyed, to their roosts around the country. Unfortunately, as Cantor Fitzgerald’s Dave Gottfried aptly phrased it, New York is a “world class city with developing country airports.” The CFPB, which hangs heavy over every gathering of lenders, has told Fiserv to hand over anonymous data related to financial institution overdraft programs , as it seeks to gather more data. Fiserv is reportedly warning customers that possible price increases could follow given the cost to comply with the request. My goodness! I took a while and collected the recent CFPB headlines . Anyone who thinks that the CFPB’s scope is contained, or that Congress controls it, had better think again. Just a quick smattering: “CFPB Holds a Field Hearing on Student Loan Servicing…(read more)
Via:: Fiserv to Give CFPB Data; Warning on Suspect Warehouse Lender
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