CFPB vacates settlement against lender over alleged redlining
The CFPB announced it will vacate an existing settlement with the Chicago-based lender Townstone Financial over alleged redlining.
Tag: Fair lending
Fair servicing in focus
Navigating regulatory expectations and managing fair lending risks.
ABA Regulatory Policy and Compliance Inbox: When is what may seem to be an overdraft … not?
Determining if a bank's payment of a check is an extension of credit. Plus questions on Reg. X and Reg. ...
CFPB rescinds earned wage access advisory opinion
In an 11th-hour move, the CFPB rescinded an advisory opinion issued under the first Trump Administration that held that a ...
CFPB adjusts exemption thresholds for Reg C, Reg Z
The CFPB announced the annual threshold adjustments for asset-size exemptions from Regulation C, which implements the Home Mortgage Disclosure Act, ...
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 ...
CFPB, DOJ: Black small-business owners face more hurdles when seeking financing
Joint CFPB, Justice Department exercise found that Black small-business owners "received less favorable treatment" in some aspects of bank financing, ...
Navigating fair lending risks in bank M&A transactions
Careful consideration of the fair lending risk profiles of the acquiring bank, target bank and combined entity can help both ...
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 ...
Podcast: What the C-suite needs to know about redlining enforcement
"We're in some new territory," says Andrea Mitchell. "It's important for CEOs to understand what their compliance officers are seeing ...
