Podcast: A Canadian bank’s versatile business model
Earlier this week, VersaBank closed on a deal giving the Canadian point-of-sale lender a point of entry into the U.S. ...
Tag: Consumer lending
ABA: CFPB proposal will discourage earned wage access products
The CFPB's proposed interpretive rule governing earned wage access products will discourage banks from offering these products, limiting access to ...
CFPB warns consumers about loans for home solar installation
The CFPB issued a report and consumer alert on what it said were “costly and complex loans” for home solar ...
Survey: Most Americans anxious about their financial situations
Four in five Americans have anxiety about their financial situation, according to a national survey conducted by Discover. Respondents were ...
CFPB: Paycheck advance products subject to Truth in Lending Act, Reg Z
The CFPB proposed an interpretive rule declaring that paycheck advance, including earned wage access, products are consumer loans subject to ...
Collectible collateral
Classic cars provide bankers with an attractive niche for parking loans.
Federal judge issues injunction against Colorado lending cap
A federal judge issued a preliminary injunction against a Colorado law capping interest rates and fees on loans to state ...
ABA, CBA: Colorado lending caps put state-chartered banks at ‘severe disadvantage’
ABA and CBA filed an amicus brief in support of a lawsuit brought against Colorado for a new law capping ...
Missing the point on credit card APR margins
Contrary to showing anti-competitive behavior, as the CFPB misreads the data, credit cards are a competitive sector that has expanded ...
CFPB proposes to apply Reg Z requirements to overdraft protection at large, midsize banks
In a backdoor move to impose a de facto price cap on overdraft fees, the CFPB today proposed to apply ...
