CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

CFPB Monitor

JUNE 9, 2015

The Offices of Inspector General for the Fed/CFPB, FDIC, Treasury and NCUA have issued a report setting forth the results of their review of the extent to which the CFPB and prudential regulators (FDIC, Fed, OCC and NCUA) were coordinating their supervisory activities and avoiding duplication of regulatory oversight responsibilities.

Regulation 60

Regulation Report FDIC Compliance 60

CFPB Monitor

SEPTEMBER 27, 2016

Republican Congressman Patrick McHenry, Vice Chair of the House Financial Services Committee, has introduced the “ Financial Services Innovation Act of 2016 ,” which is intended to provide a streamlined regulatory process for innovative fintech products and greater certainty about compliance requirements.

Fintech 60

Fintech Innovation Compliance Policies 60

Independent Banker

SEPTEMBER 22, 2015

Recently Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, followed by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). At first blush, this new general rule might provide for considerable fear among compliance and lending personnel. Escrow obligations. Loans with terms not longer than 12 months.

Regulation 70

Regulation Policies Community Bank Taxes 70

Jeff For Banks

MARCH 29, 2014

Since the fourth quarter, 2012, we have expanded to serve the small business community by offering loans guaranteed by the Small Business Administration as well as the U.S. During the one year period from December 31, 2012 to December 31, 2013, the Company’s commercial and industrial loans increased from $771.1 million to $1.28

Strategy 100

Strategy Texas San Antonio Fort Worth 100

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. lending marketplace.

Lending 135

Lending Fraud Management San Francisco 135