House committee advances ABA-backed bills on state lending rate caps, CFPB reform
House Financial Services Committee advanced legislation to prevent states from imposing interest rate caps on loans from out-of-state state-chartered banks ...
Tag: Consumer lending
Federal agencies rescind guidance on special-purpose credit programs
Federal housing and banking regulators are rescinding 2022 guidance on special-purpose credit programs, saying the document conflicts with fair lending ...
Fed proposes to update rules on lending to bank insiders
For the first time in nearly 50 years, the Federal Reserve is proposing to comprehensively update the regulation governing extensions ...
OCC, FDIC release guidance on lending, undocumented workers
Lending to individuals who are not legally authorized to work in the U.S. may present elevated credit risk to financial ...
Compliance question: Is July 3 a business day for right of rescission purposes?
For purposes of the right of rescission, Regulation Z (Truth in Lending Act) defines a “business day” as all calendar ...
CDFI Fund announces 2026 funding opportunities
The CDFI Fund is seeking applicants for the 2026 funding round of the Bank Enterprise Award Program and the Small ...
CFPB rescinds advisory opinion on special-purpose credit programs
The CFPB rescinded a 2020 advisory opinion on special-purpose credit programs, saying the document contains statements that conflict with recent ...
CFPB: Creditors may be required to check immigration status
Creditors may be legally obligated to check a consumer's immigration status for mortgage loans and credit cards, especially where removal ...
Survey: Speedy personal loan approvals drive growing customer satisfaction in nonbanks
As financially vulnerable customers lean on personal loans to consolidate debt and cover unexpected expenses, nonbank lenders are closing the ...
New executive orders target banks and citizenship, nonbank access to Fed services
President Trump signed an executive order directing regulators to provide guidance to financial institutions on identifying suspicious activity allegedly tied ...
