The Consumer Financial Protection Bureau (CFPB) has increased its focus on mortgage servicers. Mortgage servicing intersects two CFPB priority areas: COVID-19 relief and discrimination enforcement. Mortgage servicers should be prepared for a significant increase in the CFPB’s regulatory activity.
As the Biden Administration nears its 100 day mark and as agency leaders are confirmed in their roles, the new Administration's work of governing is getting underway. Patomak hosted a webinar moderated by Paul Atkins, and featuring former SEC, CFTC, Department of Justice, Department of Treasury, and CFPB officials who shared their expectations for how agencies will operate and how organizations can best prepare.
Former Federal Reserve Governor Randall Kroszner joins Yahoo Finance anchors Seana Smith and Adam Shapiro to discuss the upcoming federeral stimulus package.
The November 13 discussion examined the pros and cons of blockchain and cryptocurrency and how it intersects with active central bank digital currency pilot programs underway around the globe.
Patomak CEO Paul Atkins writes in a Wall Street Journal opinion piece, “Borrower Beware!”
"Businesses with flexibility should seriously consider to what extent accepting the terms of federal loans or other support may be a Faustian bargain for their long-term business operations and strategy. The ultimate cost may dramatically outweigh the temporary gain."
Atkins draws on his experience on the Congressional Oversight Panel for TARP, which oversaw emergency spending in response to the 2008-09 financial crisis and discusses considerations businesses should make now before filing for federal assistance.
Patomak Global Partners CEO Paul Atkins is a guest on Bloomberg radio “Balance of Power” show and weighs in on recent action by the Financial Stability Oversight Council and the New York Attorney General lawsuit against Exxon.
At its meeting this week, the Financial Stability Oversight Council should abandon its bank oriented approach in favor of an activities-based process for identifying risks to the financial system, write nine former SEC and CFTC Chairmen and Commissioners.