CFPB Monitor

OCTOBER 26, 2023

On October 24, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued a final rule amending their regulations implementing the Community Reinvestment Act. Continue Reading

Community 78

Community FDIC Compliance Regulation 78

Abrigo

MAY 30, 2023

Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities. This 2026 data needs to be reported to the CFPB by June 1, 2027.

Compliance 195

Compliance Lending Data Regulation 195

South State Correspondent

OCTOBER 23, 2022

This rapid change in interest rates requires careful planning, product selection, and new lending and deposit-gathering strategies. We believe that the real risk is that inflation does not meet the Fed’s 2.00% goal until much later, and the interest rates remain elevated for longer than the current Fed’s projection of 2026.

Community Bank 221

Community Bank Community Meeting Lending 221

PYMNTS

OCTOBER 13, 2017

If we’re going to build a safe community, we need to respond quickly,” CEO Marc Zuckerberg wrote in a post at the time. Not a bad tally when the transaction count is slated to hit as much as 43 million transactions in 2026, up from 39 million transactions at the end of last year. The tailwind will come in part via ISO 20022 messaging.

Las Vegas 116

Las Vegas Lending cryptocurrency social media 116