CFPB: Banks Effectively Managing ECOA Compliance Risk in Small Biz Lending

The Consumer Financial Protection Bureau today issued a “Supervisory Highlights” report focusing on recent examiner observations of several bank products or business lines, including auto loan servicing, credit cards, debt collection, mortgage servicing, payday lending, and for the first time, small business lending.

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OCC Asks for Feedback on Modernizing CRA

The OCC today issued a long-anticipated advance notice of proposed rulemaking seeking input on the best ways to modernize Community Reinvestment Act regulations. The ANPR asks for comment on several issues, including how to: Encourage more lending in areas that need it most, including low- and moderate-income areas Broaden and clarify the types of activities eligible for CRA consideration Update ...

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CFPB Announces 2019 Reg Z Dollar Thresholds

The Consumer Financial Protection Bureau today announced 2019 changes in dollar thresholds for several Regulation Z provisions governed by the CARD Act, the Home Ownership and Equity Protection Act and the Dodd-Frank Act.

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