Jun 11, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → According to a new report, a majority of bank and credit union executives believe that partnerships or collaborations with fintech firms are important in 2019, especially in the areas of digital account opening, payments,...
Jun 10, 2019 | FinTech, News
← Previous Article Next Article → Credit reporting has changed substantially over the years. Compared to the past when lenders rarely used anything other than traditional credit reports, the majority of lenders today use alternative data when making a...
Jun 6, 2019 | Federal Regulation, News
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) announced earlier today that it would extend the compliance date for the mandatory underwriting provisions (i.e. ability-to-repay standards) of the Small-Dollar Rule, also...
Jun 5, 2019 | Federal Regulation, News
← Previous Article Next Article → People submitted more complaints to the Consumer Financial Protection Bureau’s (CFPB) Consumer Complaint Database in 2018 than in any previous year, according to a report by the U.S. Public Interest Research Group (U.S....
Jun 4, 2019 | Federal Regulation, News
← Previous Article Next Article → Late last week, Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation (FDIC) indicated that federal regulators would soon propose changes to the Community Reinvestment Act (CRA) and small-dollar lending...
May 31, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → The Office of the Comptroller of the Currency (OCC) recently released their Semiannual Risk Perspective report. The report focuses on current issues that could pose a risk to bank safety and compliance in the future. A...