CFPB Compliance Aid Clarifies ECOA Notification Obligations for PPP Loans
The Consumer Financial Protection Bureau today published a compliance aid to provide additional clarity regarding banks’ obligations under the Equal...
Compliance and Risk
Agencies Provide Relief for Banks Participating in PPP, Money Market Liquidity Facilities
To facilitate banks’ participation in the Paycheck Protection Program Liquidity Facility and the Money Market Mutual Fund Liquidity Facility, the...
The Big Brain in the Black Box
AI, machine learning and alternative data are helping banks and nonbanks alike make faster decisions and expand access to credit....
ABA Releases Customizable Matrix on Returning to Normal Operations
As states begin loosening or revoking stay-at-home orders and banks consider how and when to resume operations that may have...
Agencies Issue Statement on Cloud Computing Security
With many banks moving some or all employees to remote work arrangements and accessing more cloud-based technologies, the Federal Financial...
Conducting Pandemic Risk Assessments: What Banks Need to Know
Regulators will expect banks to be better prepared for the next crisis event, and they have offered guidance on how...
CFPB Announces Relief From TRID, Reg Z Waiting Periods
The Consumer Financial Protection Bureau issued an interpretive rule yesterday clarifying that, due to the COVID-19 emergency, consumers have a...
SBA Clarifies PPP’s 10-Day Disbursement Window, Fee Payments
The Small Business Administration tonight issued an interim final rule providing clarity on the 10-day loan disbursement requirement under the...
CFPB Asks FCC to Facilitate COVID-19-Related Calls
The Consumer Financial Protection Bureau on Monday wrote to the Federal Communications Commission in support of a petition filed by...
How to Write Content That Gets Quick Legal Approval in Times of Crisis
With proper documentation, solid process and a clear set of best practices, legal review can look less like a hurdle...
