Lending rules

CFPB critics moving swiftly to challenge payday lending rule

04/30/20

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.

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Banks expect ugly earnings season; treading carefully on PPP loans

04/13/20

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

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Lenders tighten underwriting standards; coronavirus death on Wall Street

03/30/20

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

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Goldman on the hot seat; lending standards flat or easing

11/14/18

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

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

09/21/18

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

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CFPB path to unwinding payday rule riddled with legal land mines

08/10/18

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.

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Workforce diversity can help banks mitigate AI bias

05/30/18

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

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Will CRA finally get its makeover?

03/09/18

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.

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

02/02/18

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.

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