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 ...
Tag: Consumer lending
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. ...
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 ...
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