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.)
CFPB symposium on abusive acts or practices
The CFPB has announced it will hold a symposium on the Dodd-Frank Act’s prohibition on abusive acts or practices on June 25 at its headquarters in Washington. The symposium will feature two panels of UDAAP experts. The first panel will include a discussion with leading academic experts in the area of Consumer Protection. The discussion will touch on various policy issues relating to the abusive standard under Dodd-Frank. The second panel will examine how the abusive standard has been used in practice and will include leading legal experts in the field. Members of the public who plan to attend in person or to view the event via livestream must register in advance.