Lending rules

CFPB critics moving swiftly to challenge payday lending rule


Consumer groups are poised to take the bureau to court over its gutting of underwriting requirements, while House Democratic leaders could attempt a repeal through the Congressional Review Act.


Banks expect ugly earnings season; treading carefully on PPP loans


Q1 profits expected to drop by nearly 25%, while investment banking revenues could tank much more; many banks have tighter standards than the SBA.


Lenders tighten underwriting standards; coronavirus death on Wall Street


Banks and fintechs are not taking undue risks in lending to new customers; Jefferies CFO Peg Broadbent succumbs to the disease at age 56.


Goldman on the hot seat; lending standards flat or easing


Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting.


CFPB faces legal minefield in crafting rule on small-business loan data


The agency wants more information as it conducts fair-lending exams, but conflicting statutes make writing a data collection rule difficult.


CFPB path to unwinding payday rule riddled with legal land mines


The bureau is expected to choose an option that could trigger court challenges after a judge yet again refused to halt the rule’s compliance date.


Workforce diversity can help banks mitigate AI bias


A broader cross-section of hires and added training could help financial institutions avoid problems with algorithm-based discrimination in lending.


Will CRA finally get its makeover?


Regulators are working intently on a proposal to reform how they apply the Community Reinvestment Act after previous attempts to modernize CRA policy drew mixed reviews.


A bogus bank, CFPB in flux, and a Super Bowl moment: Top stories of the week


The quick fall of AriseBank, a would-be blockchain bank; a CFPB buffeted by court rulings and policy shifts; U.S. Bancorp's Super Bowl play; and more.