CFPB Compliance Aid Clarifies ECOA Notification Obligations for PPP Loans
The Consumer Financial Protection Bureau today published a compliance aid to provide additional clarity regarding banks’ obligations under the Equal ...
Tag: ECOA
The Big Brain in the Black Box
AI, machine learning and alternative data are helping banks and nonbanks alike make faster decisions and expand access to credit. ...
CFPB Announces Relief From TRID, Reg Z Waiting Periods
The Consumer Financial Protection Bureau issued an interpretive rule yesterday clarifying that, due to the COVID-19 emergency, consumers have a ...
CFPB Director Highlights Benefits of AI to Expand Credit Access
The Consumer Financial Protection Bureau wants to spur innovation in the use of artificial intelligence and machine learning in financial ...
Can We Waive an Overdraft Fee for a Director’s Spouse?
...and more insights from ABA's Compliance Center Inbox in the next issue of the ABA Banking Journal.
CFPB: Banks Effectively Managing ECOA Compliance Risk in Small Biz Lending
The Consumer Financial Protection Bureau today issued a “Supervisory Highlights” report focusing on recent examiner observations of several bank products ...
ABA Calls for Clarification on Fair Lending Standards in Letter to CFPB
In a comment letter to the Consumer Financial Protection Bureau today -- the ninth of 12 that the association will ...
Mulvaney: CFPB to Revisit ECOA Regulations, Submit Guidance for Congressional Review
As President Trump today signed a Congressional Review Act resolution invalidating the Consumer Financial Protection Bureau’s 2013 guidance on indirect ...
CFPB Approves Final Revised Uniform Residential Loan Application
The Consumer Financial Protection Bureau yesterday officially approved the final redesigned Uniform Residential Loan Application, confirming that the revised form ...
FHFA’s Watt: URLA’s Language Preference Question Will Receive ECOA Safe Harbor from CFPB
Federal Housing Finance Agency Director Mel Watt today defended his agency’s decision to include a language preference question on its ...
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