Feb 17, 2021 | Banks & Credit Unions, News
Big Banks in U.S. Reduce Lending Many of the biggest U.S. banks continue to reduce how much of their collective balance sheets is allocated towards loans, according to Federal Reserve data. The share of total assets devoted to loans across the country’s 25 largest...
Feb 15, 2021 | Banks & Credit Unions, News
Survey Finds 1.2 Million Borrowers Feared Mortgage Foreclosure in December A recent report from the Research Institute for Housing America (RIHA), backed by the Mortgage Bankers Association (MBA), showed that nearly 1.2 million borrowers feared they would be...
Feb 12, 2021 | Federal Regulation, News
CFPB Looks to Delay Implementation of Qualified Mortgage, Debt Collection Rules The Consumer Financial Protection Bureau (CFPB) is considering delaying implementation dates for the recent debt collection and Qualified Mortgage (QM) rules that have not yet gone into...
Feb 10, 2021 | Federal Regulation, News
New Calif. Consumer Protection Agency Strikes Data Sharing Deal with Fintechs At the end of January, the California Department of Financial Protection and Innovation (DFPI) signed an agreement with five fintech companies to better evaluate the risks and benefits of...
Feb 8, 2021 | Congressional Legislation, News
Two Democrats, Three Republicans Join Senate Banking Committee for 117th Congress The Senate Banking Committee began the 117th Congress with the addition of five new members, including two Democrats and three Republicans. With the change in control of the chamber,...
