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 ...
Tag: Consumer lending
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The CFPB rescinded a 2020 advisory opinion on special-purpose credit programs, saying the document contains statements that conflict with recent ...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 ...
Podcast: How consumer deposits drive full relationship banking
In an environment with higher-yielding options, how can banks compete for effectively for deposits? Marc Womack of TD Bank discusses ...
New York Fed: Household debt holds at $18.8T in Q1
Household debt increased by $18 billion, or just 0.1%, to hold steady at $18.8 trillion in the first quarter of ...
HUD official discusses changes to Fair Housing Act enforcement
The Trump administration is committed to pursuing only cases of intentional discrimination in enforcement of the Fair Housing Act, which ...
Survey: Bankers remain uncertain about offering BNPL products
Most bankers either do not have a strong opinion on offering buy now, pay later products or don’t see their ...
