Apr 5, 2023 | Federal Regulation, News
CFPB Finalizes Rule on Small Business Lending Data Last week, the Consumer Financial Protection Bureau (CFPB) finalized a rule that they say will increase transparency with small business lending, fight against unlawful discrimination, and promote economic...
Apr 3, 2023 | Federal Regulation, News
OCC Establishes Office of Financial Technology, Appoints Chief Financial Technology Officer The Office of the Comptroller of the Currency (OCC) recently announced the establishment of the Office of Financial Technology, as well as the selection of Prashant Bhardwaj as...
Mar 31, 2023 | FinTech, News
LexisNexis Survey of Bank Decision Makers Finds Majority of Respondents Use Alternative Credit Data for New Applicants A recent LexisNexis Risk Solutions survey of nearly 225 senior decision makers for lending, marketing, and credit risk found that 65 percent of...
Mar 29, 2023 | Federal Regulation, News
CFPB Launches Inquiry Into Data Brokers’ Business Practices Earlier this month, the Consumer Financial Protection Bureau (CFPB) launched an inquiry into companies that collect and track consumers’ personal data, giving the public an opportunity to share feedback about...
Mar 27, 2023 | Banks & Credit Unions, News
Survey Finds Consumer Trust in Banks Remains High Despite Recent Collapses A recent Morning Consult survey found that Americans’ trust in banks has remained high, despite the collapse of Signature Bank, Silicon Valley Bank (SVB), and Silvergate Capital Corp. 7 in 10...