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CFPB announces key leadership changes

CFPB Monitor

On October 30, the CFPB announced changes in two key leadership positions, Assistant Director for the Office of Supervision Policy and Assistant Director for the Office of Enforcement. Salas and Mr. Salas and Mr. Halperin will both report to the Associate Director of Supervision, Enforcement and Fair Lending (SEFL).

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Preparing for Section 1071

Abrigo

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. A Decade in the Making.

Lending 195
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CFPB Changes Expected As Biden Administration Settles In  

PYMNTS

Just what the incoming leadership might do remains to be seen, but as noted in this space previously, Chopra has, in his soon-to-be past role as a commissioner with the FTC, has been known as an aggressive enforcer. Warren helped create the agency itself as part of the Dodd-Frank legislation of 2010, with an official debut the following year.

Lending 143
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GAO Issues Report Finding that CFPB Needs to Assess the Impact of Recent Changes to its Fair Lending Activities

CFPB Monitor

Specifically, the report examines how the CFPB has (i) managed the reorganization of its Office of Fair Lending and Equal Opportunity and related risks during 2018, (ii) monitored and reported on its fair lending performance, and (iii) used new HMDA data fields to analyze and support its fair lending activities. Background.

Lending 78
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How High Ambitions Led CAN Capital To Falter

PYMNTS

It all stems back to 2010 or so, when CAN Capital launched ambitious growth plans to enter into new markets. While CAN Capital’s decision to bring on DeMeo initially proved a positive one, leading to hundreds of millions in debt financing, its decision to position itself against newer alternative lenders meant a change in its lending process.

Capital 100
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Community banks are thriving in Texas

Independent Banker

The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. ANB does “traditional lending in every aspect,” Edlund says, but commercial loans make up the majority of its loan portfolio.

Texas 182
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.