CFPB issues report on state community reinvestment laws
CFPB Monitor
NOVEMBER 6, 2023
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CFPB Monitor
NOVEMBER 6, 2023
Continue Reading
Abrigo
FEBRUARY 16, 2015
One of the topics continually making headlines in banking today is the cost of regulation. A popular opinion, brought to the forefront last week by a Harvard University report , is that these regulations are imposing a significant burden on small financial institutions such as community banks and credit unions.
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CFPB Monitor
NOVEMBER 16, 2021
6247-A) to the New York Community Reinvestment Act (NYCRA) that expand the NYCRA’s coverage to non-depository mortgage lenders. New York now joins a small group of states, including Illinois and Massachusetts, that apply CRA-type laws to non-depository mortgage lenders. The amendments are effective November 1, 2022.
CFPB Monitor
OCTOBER 27, 2020
On October 25, a Massachusetts federal district court entered a preliminary injunction staying and postponing the effective date of the final rule issued by HUD last month (“2020 Rule”) revising its 2013 Fair Housing Act disparate impact standards (“2013 Rule”). In Inclusive Communities , the U. emphasis included).
CFPB Monitor
FEBRUARY 3, 2021
Although set to become effective on October 26, 2020, the 2020 Rule’s effective date has been stayed pursuant to a preliminary injunction entered by a Massachusetts federal district court. In Inclusive Communities , which was decided in 2015, the U. Supreme Court ruled that disparate impact claims are cognizable under the FHA.
PYMNTS
JANUARY 24, 2020
The Global Consortium for Digital Currency Governance will be geared toward the development of transparent, interoperable and inclusive approaches to policy to regulate the crypto industry and facilitate work between the public and private worlds in emerging and developed economies, Cointelegaph reported.
PYMNTS
OCTOBER 17, 2018
On October 4, the Massachusetts Cannabis Control Commission (CCC) issued its final four recreational marijuana licenses to businesses, meaning legal marijuana will soon be available for purchase. Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana.
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