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 27, 2020 | Federal Regulation, Litigation, News
Lawyer Chosen to Defend CFPB Before Supreme Court Backs Agency Structure With the Department of Justice and Consumer Financial Protection Bureau (CFPB) itself opting against defending the agency’s leadership structure in the upcoming challenge to its...
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 23, 2020 | Federal Regulation, News
Final CFPB Payday Rule Expected in April The Consumer Financial Protection Bureau (CFPB) said that it plans to issue its long-awaited final rule in April that would roll back underwriting requirements for payday lenders by eliminating a provision from 2017 mandating...
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,...
