The federal Consumer Financial Protection Bureau announced that Discover Bank has agreed to pay $35 million in compensation and penalties over claims it misinformed student loan debtors about how much they owed in violation of a 2015 settlement.

CFPB - Consumer Financial Protection Bureau

Source

Published on Dec. 22th, 2020 Published on Dec. 22th, 2020

Scenario: Conduct / Improper Loan Management

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Sept. 20th, 2021

ORX Forum

ELSEWARE/MSTAR will be speaking on climate stress on operational risk at the ORX forum on September 23. In particular, we will be presenting the work we have done on this topic with the American Bankers Association and a group of banks.