Executive order calls for removal of disparate-impact liability
The EO directs federal agencies to “deprioritize enforcement” of statutes and regulations that include disparate-impact liability. It also instructs the ...
Tag: Consumer lending
CFPB will not enforce small-dollar rule
The CFPB announced that “it will not prioritize enforcement or supervision actions” with respect to its 2017 small-dollar lending rule, ...
OCC restructures office to promote financial inclusion
The OCC has “restructured” one of its existing offices to promote financial inclusion, Acting Comptroller of the Currency Rodney Hood ...
ABA supports resolution to overturn CFPB medical debt rule
Noting that the CFPB's final rule on medical debt reporting would harm "banks’ lending risk, consumers’ default risk, and the ...
CFPB proposes to regulate large nonbanks in personal loan market
In response to an industry petition, the CFPB announced that it will pursue rulemaking to allow it to regulate large ...
CFPB finalizes rule to apply TILA requirements to residential clean energy loans
The CFPB finalized a rule that applies the Truth in Lending Act’s ability-to-repay requirements and civil liability provisions to residential ...
Court clarifies compliance date for small dollar lending rule
The Fifth Circuit Court of Appeals, which has been hearing the legal challenge against the CFPB’s small dollar lending rule, ...
CFPB: Auto finance loan terms, third-party products may violate law
CFPB released a report on its findings about allegedly illegal practices in auto finance, such as deceptive advertising about loan ...
CFPB warns against collection of ‘legally invalid’ medical debt
CFPB advisory was part of a broader push by the Biden administration on the issue, which includes a separate proposed ...
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. ...
