Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
Judge denies injunction for CFPB's English
Judge Timothy J. Kelly, of the United States District Court for the District of Columbia yesterday denied CFPB Deputy Director Leandra English's motion for a preliminary injunction that would restrain the president from appointing Mick Mulvaney as acting director of the CFPB, stating that English is unlikely to succeed in her case brought to enjoin the president from such an appointment. The underlying case pits a provision of the Dodd-Frank Act that provides that the Deputy Director of the agency shall "serve as acting Director in the absence or unavailability of the Director," against the Federal Vacancies Reform Act of 1998, under which Mulvaney was appointed acting Director by the president.