CFPB’s Kraninger Signals Next Steps on Clarifying ‘Abusive’ Standard in UDAAP

The Consumer Financial Protection Bureau will take the next step in its effort to clarify the meaning of “abusive acts ...

Compliance in 2019: What to Expect and Where to Focus

Compliance and Risk

March 4, 2019

From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the ...

CFPB Updates Rulemaking Agenda for Fall 2018

Compliance and Risk

October 17, 2018

The Consumer Financial Protection Bureau yesterday updated its rulemaking agenda for the remainder of 2018.

Mulvaney: CFPB to Provide Clarity on UDAAP Standard

Compliance and Risk

October 15, 2018

The Consumer Financial Protection Bureau will likely issue a rule to define what kinds of practices it considers "abusive" under ...

Fed Launches Consumer Compliance Supervision Bulletin

Compliance and Risk

July 26, 2018

The Federal Reserve has launched a new Consumer Compliance Supervision Bulletin that will share information about examiners’ observations and other ...

The Weeble Wobble Bureau

Compliance and Risk

March 20, 2018

In 2017, the Consumer Financial Protection Bureau suffered several setbacks in court, but each time, the agency bobbed back up ...

Treasury Department Issues Sweeping Regulatory Reform Recommendations

Commercial Lending

June 12, 2017

The Treasury Department tonight issued a 150-page report making dozens of recommendations for how Congress and regulatory agencies can streamline ...

ABA Expresses Concern about Using Alternative Data for Credit Scoring

Compliance and Risk

May 17, 2017

Banks are generally open to the idea of using alternative data sources -- such as mobile phone bills and rent ...

Financial Choice Act Clears House Committee

Community Banking

May 4, 2017

The House Financial Services Committee today voted to advance the Financial Choice Act, Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill ...