Credit Demand Expected to Tighten in 2019

Credit Demand Expected to Tighten in 2019

← Previous Article Next Article → According to a recent survey by the Federal Reserve, banks are expecting a decline in loan demand in conjunction with a deterioration of loan performance over the course of 2019. The survey was conducted over the past three...
State AGs Push Back on Proposed CFPB “Trial Sandbox”

State AGs Push Back on Proposed CFPB “Trial Sandbox”

← Previous Article Next Article → In a letter to the Consumer Financial Protection Bureau (CFPB), 22 Democratic state attorneys general (AGs) said the CFPB should revise its policy concerning no-action letters and should rethink its regulatory sandbox, which...
Court Questions Whether Overdraft Fees are Interest Rates

Court Questions Whether Overdraft Fees are Interest Rates

← Previous Article Next Article → The First Circuit Court of Appeals is hearing a case that will shed further light on whether a bank’s overdraft fee should be considered interest. Previous rulings have found that overdraft fees are not an extension of...
Military Members’ Complaints Rise at CFPB

Military Members’ Complaints Rise at CFPB

← Previous Article Next Article → There has been a sharp increase in the number of complaints received by the Consumer Financial Protection Bureau (CFPB) from military service members between 2012 and 2018, according to an annual report by CFPB’s Office of...
CFPB Proposes Changes to Small-Dollar Rule

CFPB Proposes Changes to Small-Dollar Rule

← Previous Article Next Article → Earlier today, the Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking to rescind certain provisions of the final rule regarding “Payday, Vehicle Title, and Certain High-Cost Installment...
Native-owned Banks and Credit Unions: Serving the Underserved

Native-owned Banks and Credit Unions: Serving the Underserved

← Previous Article Next Article → There are more than 30 native-owned banks and credit unions serving underserved communities all across America. Because of these native-owned financial institutions, many people living on or near tribal reservations now have...

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