2019 Compliance Leadership Lending 
CFPB Monitor
JUNE 17, 2021
In another action demonstrating that a “new CFPB” is in place under the Biden Administration, the CFPB has issued an interpretive rule setting forth the basis for its determination that it has authority to examine institutions that it supervises for Military Loan Act (MLA) compliance.
CFPB Monitor
DECEMBER 13, 2018
The CFPB has issued a new annual report covering its fair lending activities during 2017. Since Mick Mulvaney did not become Acting Director until the end of November 2017, the fair lending activities described in the report largely took place under former Director Cordray’s leadership.
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CFPB Monitor
AUGUST 20, 2019
Brown’s letter came a week after that Court entered an Order continuing the stay of the compliance date, which, as we previously discussed , was entered after the Bureau joined in a status report filed August 2, 2019, stating that the parties “are not requesting that the Court … lift the stay of the compliance date….”.
Abrigo
SEPTEMBER 14, 2022
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. They just weren’t coming very soon.
Abrigo
DECEMBER 30, 2019
Key Takeaways Using exam findings from 2019 can help strengthen your BSA program in 2020. Institutions must create a strong culture of compliance. The decade is quickly coming to an end, so as we put 2019 in our rear-view mirror, it’s time for a fresh start with the new year and new decade approaching.
CFPB Monitor
JANUARY 28, 2021
With Director Kraninger having submitted her resignation to President Biden last week, the report represents the CFPB’s fifth and final semi-annual report under Director Kraninger’s leadership. During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred three ECOA matters to the DOJ.
CFPB Monitor
JUNE 23, 2022
The settlement highlights the need for companies to be mindful of fair lending risk when formulating their social media and other advertising plans. Meta must provide the reviewer with any information necessary to verify compliance with those standards.
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