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. ... Read full article
Q1 profits expected to drop by nearly 25%, while investment banking revenues could tank much more; many banks have tighter standards than the SBA. ... Read full article
Banks and fintechs are not taking undue risks in lending to new customers; Jefferies CFO Peg Broadbent succumbs to the disease at age 56. ... Read full article
Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting. ... Read full article
The agency wants more information as it conducts fair-lending exams, but conflicting statutes make writing a data collection rule difficult. ... Read full article
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. ... Read full article
A broader cross-section of hires and added training could help financial institutions avoid problems with algorithm-based discrimination in lending. ... Read full article
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. ... Read full article
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. ... Read full article
