Rate caps lead to less credit
Recent Fed research finds no surprise in analysis of state-based interest rate caps.
Tag: Lending
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The CFPB rescinded a 2020 advisory opinion on special-purpose credit programs, saying the document contains statements that conflict with recent ...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 ...
HUD to keep tri-merge credit report requirement for FHA loans
The Federal Housing Administration will continue to require three credit reports for single-family loans, the U.S. Department of Housing and ...
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 ...
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 ...
ABA, state bankers associations urge OCC to close yield loopholes in stablecoin rule
ABA and 52 state bankers associations submitted a comment letter to the OCC urging the agency to strengthen its proposed ...
AI in mortgages: Reshaping the lending lifecycle
Experts advise bank leaders to ensure AI is deployed responsibly, governed transparently and secured carefully.
Regulators release proposals to ease bank capital requirements
Banking regulators advanced three proposed rules to lower capital requirements for banks of all sizes as part of an effort ...
ABA DataBank: Inside bank decision-making on liquidity and contingent funding
Results from an ABA member survey shed new light on how banks really use liquidity sources and possible reforms.
