ABA Calls for Extension of Compliance Date of CFPB Small-Dollar Lending Rule
ABA today urged the Consumer Financial Protection Bureau to extend the compliance date for all provisions of its final rule governing short-term, small-dollar loans.
Browsing: Small-dollar credit
Compliance in 2019: What to Expect and Where to Focus
From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the world of compliance.
CFPB Proposes to Eliminate Small-Dollar Lending Rule’s Ability-to-Repay Test
The Consumer Financial Protection Bureau today proposed to remove the prescriptive underwriting provisions from the small-dollar lending rule it issued in October 2017.
ABA Urges FDIC to Rescind Guidance on Deposit Advance Services
In a comment letter to the FDIC today, the American Bankers Association reiterated its call for the agency to rescind its 2013 guidance on direct deposit advance services.
FDIC Seeks Information on Small-Dollar Loans
The FDIC is seeking public feedback on the steps it can take to encourage FDIC-supervised banks to offer small-dollar credit products to meet the needs of consumers, the agency announced today.
CFPB to Extend Compliance Date, Revisit Small-Dollar Loan Rule
The Consumer Financial Protection Bureau expects to delay the compliance date and revisit certain provisions of its small-dollar lending rule.
Treasury Recommends Pro-Innovation Updates to Fintech Regulation
The Treasury Department today issued a long-awaited report recommending changes to laws and regulations affecting nonbank financial providers and the broader fintech environment.
Encourage Small-Dollar Bank Lending, House Republicans Tell FDIC, Fed
Twelve House Republicans today urged the FDIC and the Federal Reserve to follow the OCC’s lead by encouraging banks to return to the small-dollar loan market.
Otting: OCC Working on Interagency Consensus on CRA Reform Plans
The OCC is hoping to issue a long-awaited advance notice of proposed rulemaking on the Community Reinvestment Act in the coming weeks, Comptroller of the Currency Joseph Otting said today, and it has been waiting in order to build consensus with other banking agencies.