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#2276681 - 10/14/22 06:42 PM Crazy New York
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,700
The Country
Dear New York State Department of Financial Services,

Please stay in your lane. P.S. No one likes you or your ideas.

https://risk.cmail19.com/t/ViewEmai...DCF99AA49ED5AF8B9E?alternativeLink=False
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#2276894 - 10/20/22 09:23 PM Re: Crazy New York RockChucker, CAMS
ACBbank Offline
Power Poster
ACBbank
Joined: Jul 2006
Posts: 4,348
New York City
I am going to wager that you do not work in NY? The NY DFS wields immense power and many, many banks do not want to run the risk of being in their cross hairs.
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#2276917 - 10/21/22 03:01 PM Re: Crazy New York RockChucker, CAMS
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,700
The Country
ACBbank, you are correct, I'll still live and work in a free state. I keep reading about the nightmares from California and New York banks. I feel for you
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A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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#2276957 - 10/24/22 12:31 PM Re: Crazy New York RockChucker, CAMS
InFairness, CRCM Offline
Platinum Poster
InFairness, CRCM
Joined: Nov 2010
Posts: 920
USA
Originally Posted by RockChucker, CAMS
Dear New York State Department of Financial Services,

Please stay in your lane. P.S. No one likes you or your ideas.

https://risk.cmail19.com/t/ViewEmai...DCF99AA49ED5AF8B9E?alternativeLink=False

Apparently the CFPB does. In recent exams, they're telling state-chartered banks that it's a UDAAP if they don't provide the consumer protections of the most consumer-friendly state in which they operate to all customers, regardless of state.
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#2276986 - 10/24/22 06:34 PM Re: Crazy New York RockChucker, CAMS
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,700
The Country
True! Hopefully with the CFPB getting slapped around about the unconstitutionality of their fund apparatus will help slow down their overreach.
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A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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#2276999 - 10/24/22 07:43 PM Re: Crazy New York RockChucker, CAMS
rainman Offline
Power Poster
rainman
Joined: Nov 2004
Posts: 3,237
Originally Posted by RockChucker, CAMS
True! Hopefully with the CFPB getting slapped around about the unconstitutionality of their fund apparatus will help slow down their overreach.

Don't hold your breath. The same court upheld the process they used to adopt the regulation; it was only the funding mechanism that was invalidated. Contrast that with the PHH decision several years ago in which the Court of Appeals invalidated the agency's view of RESPA Section 8, its position on the applicability of the statute of limitations to its enforcement action, and its attempt to "regulate by enforcement." If that didn't slow them down, I'm not sure exactly what it takes.
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#2277033 - 10/25/22 01:22 PM Re: Crazy New York RockChucker, CAMS
Soccer Offline
Diamond Poster
Joined: Jan 2010
Posts: 1,028
Utopia
Originally Posted by RockChucker, CAMS
Dear New York State Department of Financial Services,

Please stay in your lane. P.S. No one likes you or your ideas.

https://risk.cmail19.com/t/ViewEmai...DCF99AA49ED5AF8B9E?alternativeLink=False

I am in NY and the need for NY to be "first" is one of the many reasons I will be retiring on June 30, 2023. I've had enough! smile
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#2277040 - 10/25/22 03:09 PM Re: Crazy New York Soccer
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,700
The Country
Congratulations Soccer. I hope you enjoy retirement immensely.
_________________________
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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#2277105 - 10/26/22 03:49 PM Re: Crazy New York RockChucker, CAMS
Soccer Offline
Diamond Poster
Joined: Jan 2010
Posts: 1,028
Utopia
Originally Posted by RockChucker, CAMS
Congratulations Soccer. I hope you enjoy retirement immensely.

Thank you, looking forward to it.
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Everything happens for a reason

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