Bank Innovation
APRIL 9, 2019
The speed at which financial institutions are expected to meet changing customer demands drove Chicago-based fintech Amount and TD Bank into a strategic partnership that will have the bank using Amount's platform to make personal loans.
PYMNTS
MARCH 25, 2019
A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). Those firms, noted The Chicago Sun Times , would still be subject to federal laws (and possible prosecution under those laws). “I
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PYMNTS
APRIL 7, 2016
On the logic that everything is easier when taken on with a team, the big names in marketplace lending are joining forces and forming their own nonprofit trade association. The CEOs of Funding Circle, Lending Club and Prosper have announced the launch of the Marketplace Lending Association (MLA).
PYMNTS
APRIL 28, 2016
Marketplace lending has grown in popularity and so has the CFPB’s own knowledge of a variety of lenders in the market,” said Lucy Morris, a partner at Hudson Cook and the CFPB’s former deputy enforcement director. The CFPB has been pursuing this quietly for some time.
Perficient
MARCH 3, 2022
Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. Ten-year Treasury yields increase from around 1.5% to hover around 2.50
CFPB Monitor
AUGUST 22, 2016
According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.”
American Banker
SEPTEMBER 15, 2021
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