CFPB Monitor

OCTOBER 14, 2019

CFPB recently issued its Spring 2019 Semi-Annual Report to Congress covering the period October 1, 2018 through March 31, 2019. The report represents the CFPB’s second semi-annual report under Director Kraninger’s leadership. Such data includes the race, sex, and ethnicity of the principal owners of the business.

Report 60

Report Leadership Lending Training 60

CFPB Monitor

NOVEMBER 21, 2019

The CFPB has published its Fall 2019 rulemaking agenda as part of the Fall 2019 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget. It represents the CFPB’s second rulemaking agenda under Director Kraninger’s leadership. PACE financing.

Regulation 78

Regulation Cards Data Leadership 78

CFPB Monitor

JUNE 16, 2021

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.

Lending 78

Lending Report Data Policies 78

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.

Lending 195

Lending Data Regulation Community 195

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.

Report 78

Report Leadership Lending Regulation 78

PYMNTS

DECEMBER 5, 2017

As we noted when we first covered the final draft of the payday lending rule , Congress retains the power to keep the rule from ever making it into the books, so to speak, through the power of the Congressional Review Act. However, as recently as a few weeks ago, the use of the CRA to block the payday lending rule seemed somewhat unlikely.

Lending 100

Lending South Carolina Policies Leadership 100

CFPB Monitor

JUNE 17, 2021

In 2018, under the leadership of former Acting Director Mulvaney, the CFPB stopped examining its supervised institutions for MLA compliance on the ground that it did not have the requisite statutory authority. Uejio’s views are reflected in the CFPB’s press release announcing the change in position on the CFPB’s MLA authority.

Compliance 78

Compliance Lending Leadership Analysis 78

PYMNTS

FEBRUARY 7, 2019

6), with the announcement that the Consumer Financial Protection Bureau (CFPB) will overhaul a series of 2017 payday loan regulations, set to go into effect in August 2019. Regulation and the short term lending industry doesn’t have a long and glorious track record of working calmly and smoothly together.

Lending 100

Lending Regulation Online Leadership 100

CFPB Monitor

JULY 27, 2020

The CFPB has issued its Spring 2020 Semi-Annual Report to Congress covering the period September 30, 2019 through March 31, 2020. During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred four ECOA matters to the DOJ.

Report 78

Report Lending Leadership National 78

PYMNTS

JANUARY 19, 2021

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. Politico also notes that the agency, under Chopra’s stewardship, is likely to have an initial focus on fair lending laws.

Lending 143

Lending Massachusetts Regulation Leadership 143

PYMNTS

FEBRUARY 11, 2019

As noted by Forbes , the study found that a minority — make that 26 percent — of regulatory agencies surveyed by the FSB actually have definitions of FinTech lending in place. Those definitions stretch across peer-to-peer (P2P) lending or marketplace lending, for example.

Fintech 195

Fintech Lending Regulation Survey 195

Abrigo

DECEMBER 30, 2019

Key Takeaways Using exam findings from 2019 can help strengthen your BSA program in 2020. 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. Institutions must create a strong culture of compliance. Creating a Culture of Compliance.

Training 195

Training Compliance Leadership Fraud 195

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….”.

Compliance 87

Compliance Groups Ohio Texas 87

Perficient

MAY 28, 2020

BONUS: Attend Conferences, like we did at PegaWorld 2019. Pega Leadership does a really good job supporting employee growth and is committed to understanding what each member of the team is looking for in career paths. Employee engagement is something particularly the leadership focuses on, so everyone has a say.

Leadership 467

Leadership Groups DC Management 467

SWBC's LenderHub

NOVEMBER 21, 2019

While interest margins have improved this year, up 7 basis points from 3Q 2019, according to creditunions.com 1 , financial institutions are still in a position that requires them to create revenue streams beyond lending.

Management 113

Management Lending Leadership Marketing 113

PYMNTS

NOVEMBER 17, 2019

The new group will provide a full suite of lending and banking products for growing technology companies at every development stage, including asset-based solutions, recurring revenue-based revolving lines of credit, treasury management, foreign exchange and more. “We million in the second quarter of 2019. “We

Groups 116

Groups Innovation Capital Leadership 116

CFPB Monitor

FEBRUARY 3, 2020

Graciela Aponte-Diaz, Director of Federal Campaigns, Center for Responsible Lending. The scheduled witnesses for Part One are: Monique Limón, Chair, Banking & Finance Committee, California State Assembly. Creola Johnson, Professor, The Ohio State University Moritz College of Law.

Ohio 78

Ohio Leadership Lending California 78

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. The lawsuit arose from an administrative complaint filed in 2018 by the Assistant Secretary for Fair Housing and Equal Opportunity with HUD alleging FHA violations by Facebook.

System 148

System Leadership social media Compliance 148

CFPB Monitor

FEBRUARY 26, 2019

A Semi-Annual Review of the Consumer Financial Protection Bureau” scheduled for March 7, 2019. We also anticipate heavy criticism of the Bureau’s recent proposals regarding its payday lending rule. The CFPB released its Fall 2018 Semi-Annual Report earlier this month.

Leadership 68

Leadership Lending Report 68

CFPB Monitor

AUGUST 7, 2019

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

CFPB Monitor

MAY 27, 2021

The CFPB has filed its fifth status report with the California federal district court as required by the Stipulated Settlement Agreement (Agreement) in the lawsuit filed against the Bureau in May 2019 alleging wrongful delay in adopting regulations to implement Section 1071 of the Dodd-Frank Act.

Report 78

Report Leadership Conference Regulation 78

CFPB Monitor

FEBRUARY 25, 2021

The CFPB has filed its fourth status report with the California federal district court as required by the Stipulated Settlement Agreement in the lawsuit filed against the Bureau in May 2019 alleging wrongful delay in adopting regulations to implement Section 1071 of the Dodd-Frank Act.

Report 78

Report Leadership Conference Policies 78

PYMNTS

JULY 16, 2019

On the lending front, the bank’s loan balances as Q2 came to a close came in at $949.9 billion from the first quarter with increased activity in real estate, credit card and automobile lending all pushing growth. For its part, Wells Fargo repurchased $4.9 billion, up $1.6 billion to shareholders through dividends and share repurchases.

Lending 100

Lending Leadership Trends Report 100

Independent Banker

JANUARY 31, 2022

billion to the state’s GDP in 2019, according to state records. ANB does “traditional lending in every aspect,” Edlund says, but commercial loans make up the majority of its loan portfolio. Edlund adds that ANB also does working capital lending, energy lending and real estate and development lending.

Texas 182

Texas San Antonio Community Bank Community 182

Current

NOVEMBER 10, 2020

In Current alignment with a new policy agenda With the election of Joe Biden as President, it means we’ll see a change in additional government leadership that will have impacts on the financial services sector, including a new Treasury secretary and probably a new director of the Consumer Federal Protection Bureau and Comptroller of the Currency.

Fintech 105

Fintech DC Leadership Policies 105

CFPB Monitor

OCTOBER 17, 2018

It represents the CFPB’s second rulemaking agenda under the Trump Administration and Acting Director Mick Mulvaney’s leadership. The Payday Rule’s compliance date is August 19, 2019. It estimates the issuance of a NPRM in March 2019. Business Lending Data.

Regulation 68

Regulation Compliance Lending Cards 68

CFPB Monitor

FEBRUARY 14, 2019

A new executive order signed by President Trump on February 11, 2019 is intended to maintain American leadership in artificial intelligence (AI) research and development (R &D). The order directs certain federal agencies to pursue various strategic objectives to promote and protect American advancement in AI.

Lending 84

Lending Community National Leadership 84

CFPB Monitor

DECEMBER 15, 2020

It represents the CFPB’s fourth rulemaking agenda under Director Kraninger’s leadership. Other items listed in the agenda on which the CFPB expects to take action before the end of this year and next year include: Business Lending Data (Regulation B). The Bureau released the panel report today.

Policies 78

Policies Regulation Data Lending 78

Jeff For Banks

DECEMBER 10, 2023

They provide white label payments and depository services (think Paypal, Chime) and deploy that funding into specialized lending programs such as lending to wealth management firms, commercial fleet leasing, and real estate bridge lending. As a result of these investments, the bank has grown over 65% since 2019.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

CFPB Monitor

JULY 6, 2020

It represents the CFPB’s third rulemaking agenda under Director Kraninger’s leadership. The Bureau issued a proposed debt collection rule in May 2019. Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z). The CFPB recently proposed amendments to Regulation Z pursuant to this directive.

Regulation 78

Regulation Policies FDIC Lending 78

CFPB Monitor

OCTOBER 26, 2018

This treatment of card payments can only be ascribed to the hostility to high-rate lending characteristic of the former leadership of the Bureau. The Bureau will make final decisions regarding the scope of the proposal closer to the issuance of the proposed rules.

Texas 60

Texas Compliance Leadership Industry 60

Gonzobanker

FEBRUARY 20, 2021

Additionally, the platform can be extended to include point of sale (POS) modules for consumer lending (credit card, loans and mortgages) and small business/commercial lending offerings. The account origination and lending POS solutions are made available through the digital, branch and contact center channels.

Digital Banking 97

Digital Banking Lending ATM Atlanta 97

Independent Banker

APRIL 30, 2019

I’ll also be at our first committee meeting with our 2019–2020 executive committee, and doing a Habitat for Humanity build with. came up with an innovative lending solution to help its customers rebuild their homes after wildfires devastated their community. Be bold in innovation, leadership and life! . Where I’ll be this month.

Community Bank 70

Community Bank Tampa Community Washington 70

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. In August 2019, the company closed out its Series F funding round from Sequoia, Andreessen Horowitz, and General Catalyst at a $35B valuation.

Online 98

Online Company Retail Payments 98

CFPB Monitor

APRIL 11, 2022

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

Connecticut 78

Connecticut Company Regulation social media 78

FICO

NOVEMBER 29, 2018

This issue was discussed at the NAGGL 2019, National Association of Government Guaranteed Lenders, conference where hundreds of SBA lenders gathered to learn about policy changes, SBA online application submission solutions, how to create successful sales reps, and other trends in the industry impacting SBA lenders.

Community 67

Community Community Bank Policies Leadership 67

Gonzobanker

DECEMBER 20, 2018

Leveraging the Virtual Wallet brand it built years ago, it will be worth watching how PNC fares in 2019. There is a nice mix of the executive gene pool among these two organizations to build the future leadership team, and this deal helps CenterState gain scale as it moved past the dreaded $10 billion regulatory mark.

Fintech 102

Fintech Conference Innovation Community 102