Fair Lending/Responsible Banking

Fair lending principles are embraced by CBA members. Regulatory enforcement, however, is an increasingly complex area of compliance, and has become even more challenging with the intense search at the state and federal levels for 'predatory lending' practices. To encourage self-evaluation, CBA helped establish a privilege for self-testing for fair lending compliance. CBA also is responding to new fair lending guidelines and protecting banks from unnecessary and burdensome small business data collection.
  • May 10, 2016
    Marketplace lenders need to be more transparent about their business practices and should be subject to additional oversight from federal regulators, according to a U.S. Treasury study released just as the industry grapples with market turmoil and a scandal facing one of the biggest lenders. Online lenders need to develop a public database for tracking data on their loans, and companies that lend...
  • May 10, 2016
    Marketplace lenders need to be more transparent about their business practices and some should be subject to additional oversight from U.S. regulators, according to a Treasury Department study released as the industry grapples with market turmoil and a scandal involving one of its leading firms . Companies in the burgeoning industry need to develop a public database for tracking data on their...
  • May 10, 2016
    Marketplace lenders need to be some-more pure about their business practices and some should be theme to additional slip from U.S. regulators, according to a Treasury Department investigate expelled as a courtesy grapples with marketplace misunderstanding and a liaison involving one of a leading firms . Companies in a burgeoning courtesy need to rise a open database for tracking information on...
  • May 10, 2016
    Marketplace lenders need to be more transparent about their business practices and should be subject to additional oversight from federal regulators, according to a U.S. Treasury study released just as the industry grapples with market turmoil and a scandal facing one of the biggest lenders. Online lenders need to develop a public database for tracking data on their loans, and companies that lend...
  • May 6, 2016
    Last week, the CFPB released its fourth Fair Lending Report outlinging the agency’s fair lending activity in 2015. A few notable items include: Regarding indirect auto, CFPB Director Director Cordray “urge[d] indirect auto lenders to carefully consider the terms of these orders as they evaluate compliance in their own lending programs.” Last year, the Office of Fair Lending and Equal Opportunity...
  • May 4, 2016 - 2:00PM
    Past
    The consumer reporting industry has changed significantly over the last several years for furnishers large and small. The CFPB has continued to focus enforcement efforts on this space and has indicated that consumer reporting will remain one of their top priority areas.
  • April 28, 2016 - 2:00PM
    Past
    What started as role evolution in bank branches - universal roles as a bridge between tellers and sales staff to recapture stranded capacity - is now turning into a revolution.
  • April 7, 2016
    CFPB Webinar on TRID Issues The CFPB announced (on Thursday, April 7, 2016) a webinar will take place next Tuesday, April 12, 2016, at 2 p.m. EST to answer some common questions about the Know Before You Owe mortgage disclosure rule. The webinar will be hosted by the Federal Reserve and will address specific questions that various stakeholders have raised to the CFPB related to the interpretation...
  • April 4, 2016
    The Federal Reserve Bank of Minneapolis, on Monday, April 4, 2016, hosted an “Ending Too Big to Fail” symposium. The forum was the next step in the Minneapolis Fed’s #EndingTBTF initiative, which aims to have an “actionable plan to end TBTF” by the end of the year. The event featured remarks from Federal Reserve Bank of Minneapolis President Neel Kashkari, a keynote lunch, and two panel sessions...
  • April 1, 2016
    GAO Report is a Must Read When regulators fail to be efficient and effective, consumers are hurt the most. This week’s GAO report on financial regulation validated this point and concerns CBA has echoed for years; the Dodd-Frank Act was not a panacea. We must rethink our financial regulatory structure—this time, putting consumers first. Report Highlights: “While changes made by the Dodd-Frank Act...

Pages