- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The legal battle over leadership of the Consumer Financial Protection Bureau has escalated, with both the Department of Justice and a coalition of Republican attorneys general entering the fray.
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TD Bank has been ordered to pay $27.7 million and implement compliance measures, for providing inaccurate, negative credit information to credit agencies about tens of thousands of its customers and taking too long to fix the errors, the Consumer Financial Protection Bureau said.
Credit Repair Cloud and its chief executive will pay $3 million in combined penalties and put in place significant compliance measures over illegally charging customers, according to the Consumer Financial Protection Bureau.
A joint proposal from nine U.S. financial regulators on data standards aim to streamline submissions and ease data sharing among agencies, the Securities and Exchange Commission announced.
