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 ...
Tag: Payday lending
CFPB Proposal Could Cripple Innovation in Small-Dollar Credit
The Consumer Financial Protection Bureau today released a proposed rule that would sharply curtail short-term, small-dollar consumer loans.
You Sure? Courts Unsettle Usury Case Law
Bankers and others are closely watching to find out if the usury battles thought long won and settled are re-opening.
CFPB: Online Payday Loans Can Lead to Unanticipated Overdraft Fees
Repeated attempts by online payday lenders to collect payments via direct debit can lead to unanticipated consequences for consumers’ bank ...
Cordray: CFPB Considering ‘Ability-to-Repay’ Standard for Small Dollar Loans
The Consumer Financial Protection Bureau is considering applying “ability-to-repay” standards to small dollar loans, which would require lenders to verify ...
ABA Survey: Banks Are Making Effective Small Dollar Loans
A large majority of banks provide small dollar loans effectively (with low charge-offs) and have the capacity to expand their ...
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