CFPB: Earned wage access products not subject to Truth in Lending Act
The CFPB is once again reversing course on whether earned wage access products are subject to the Truth in Lending ...
Tag: Consumer lending
FDIC, OCC side with plaintiffs in lawsuit over Colorado rate cap
A federal court erred when it left in place a Colorado law capping interest rates and fees on loans to ...
ABA supports proposed changes to fair lending enforcement
ABA urged the CFPB to finalize its rule to change how it enforces the Equal Credit Opportunity Act, including the ...
OCC releases mortgage performance report for Q3 2025
The OCC released the third quarter 2025 mortgage metrics report, which showed that 97.4% of first-lien mortgages in the federal ...
CFPB finds growth in buy now, pay later use
Consumers are using buy now, pay later services more frequently and taking on larger loan amounts each year, according to ...
Banking agencies announce annual threshold adjustments
Agencies announced the 2026 dollar thresholds for higher-priced mortgage loans subject to special appraisal requirements, Regulation Z and Regulation M ...
OCC’s Gould criticizes court ruling to enforce Colorado rate cap
Comptroller of the Currency Jonathan Gould criticized a recent federal court decision leaving in place a Colorado law that caps ...
Freddie Mac issues guidelines for AI use by mortgage companies
Freddie Mac has updated its guidelines for mortgage companies to establish a framework for the responsible use and deployment of ...
ABA DataBank: U.S. auto delinquencies approaching pre-Covid highs
U.S. auto loans 90-plus days past due have reached 5.02%, with many borrowers owing more than their cars are worth ...
CFPB proposes changes to fair lending enforcement
The CFPB is proposing to remove disparate impact from its enforcement of the Equal Credit Opportunity Act, clarify the prohibition ...
