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

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act.

Compliance 109

Compliance FDIC Strategy Fintech 109

South State Correspondent

AUGUST 16, 2023

These are cash flow management tools that send a signal of future problems. We should see a slight increase in production in 2025 and 2026 driven by lower rates. Banks are currently reducing indirect auto financing growth and are managed by greater holdback and fewer exceptions. Banks should put management plans in place now.

Trends 195

Trends Cards Capital Data 195

BankUnderground

JANUARY 12, 2023

There is also a risk of higher loan defaults eroding banks’ equity capital, which could lead banks to tighten lending conditions. This is akin to the concept of ‘value-at-risk’ used in financial risk management. However, this effect is small in our model given the size of banks’ capital buffers.

Policies 106

Policies Capital Exercises Lending 106

PYMNTS

FEBRUARY 10, 2020

The tax may be a case for the government to boost its own coffers on eCommerce, anticipated to be worth as much as $200 billion annually by 2026, as estimated by the India Brand Equity Foundation (IBEF) late last year. That is up from roughly $50 billion at present, with an estimated 175 million individuals shopping online in 2020.

Taxes 175

Taxes Illinois Study Operations 175