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State AGs criticize CFPB plans to end MLA exams

CFPB Monitor

In addition to describing the benefits that the MLA provides to servicemembers, the AGs assert that the Bureau “would be failing to abide by its statutorily mandated duty to enforce the MLA by restrictively interpreting its examination authority to preclude lenders’ compliance with the MLA.” They cite to the MLA provision (10 U.S.C.

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Giving Truckers Better Loans Can Lower Carbon Footprints: Here’s Why

PYMNTS

Most auto manufacturers make 50 state models of the cars they sell — which means California’s emissions standards often become the de facto standard for new vehicles built and brought to market. But the question shouldn’t be about how to decide between these two things — but how to provide for them both.

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Entering the cannabis banking market

Independent Banker

While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses. decided to take a close look at that market. “We By Judith Sears.

Marketing 113
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Fans and Foes of OCC True Lender Rule Spar at Senate Committee “Rent-a-Bank” Hearing

CFPB Monitor

Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements. These speakers consistently conflated payday lending and bank-fintech partnership lending, and ignored correction of this mis-characterization by other witnesses.