Feb 13, 2020 | Banks & Credit Unions, News
ABA and CUNA Issue Statements Advising Legislators That Interest Rate Caps Could Harm Consumers and Reduce Offerings Recently, the American Bankers Association (ABA) and the Credit Union National Association (CUNA) issued statements warning lawmakers of the potential...
Feb 5, 2020 | Banks & Credit Unions, Federal Regulation, News
CFPB Report on Small Business Lending and the Great Recession Outlines Decline in Access to Credit and Uneven Recovery The Consumer Financial Protection Bureau (CFPB) recently released a data point showing how small business lending has developed before, during, and...
Jan 29, 2020 | Banks & Credit Unions, Federal Regulation, News
OCC Commissioner Says Guidance on Small-Dollar Loans for Banks Coming Soon Joseph Otting, Comptroller of the Currency, told reporters at a press roundtable last week that bank regulators like the OCC hope to make small dollar loans a simpler alternative to payday...
Jan 24, 2020 | Banks & Credit Unions, Federal Regulation, News
N.Y. Department of Financial Services Hires Leandra English as Special Policy Advisor Leandra English, who formerly served as deputy director of the Consumer Financial Protection Bureau (CFPB), has been named special policy advisor to New York Department of Financial...
Jan 21, 2020 | Banks & Credit Unions, News
CFPB Convenes Summit Focused on Increased Savings Earlier this month, the Consumer Financial Protection Bureau (CFPB) hosted a summit intended to discuss how to implement successful savings programs for consumers. Participants at the event included credit unions,...
Jan 17, 2020 | Banks & Credit Unions, Federal Regulation, News
CUNA Pushes For Commission-Led CFPB in Brief with Supreme Court As the U.S. Supreme Court prepares to hear a landmark case (Seila Law v. CFPB) determining whether the structure of the Consumer Financial Protection Bureau (CFPB) is permissible under the Constitution,...