American Banker

MARCH 26, 2024

A lawsuit filed by the American Fintech Council and two other trade groups has implications for other states that also want to keep out high-cost consumer lenders.

Colorado 62

Colorado Groups Industry Lending 62

CFPB Monitor

OCTOBER 4, 2021

The Texas federal district court has denied the motion of the two trade groups challenging the payment provisions in the CFPB’s 2017 final payday/auto title/high-rate installment loan rule for an extension of its stay of the compliance date until 286 days after their appeal to the Fifth Circuit is resolved.

Texas 78

Texas Groups Compliance Payments 78

PYMNTS

SEPTEMBER 25, 2019

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. Also, in China, analysts at Yingcan Group pointed to the government’s P2P and marketplace lending crackdown as being likely to shrink the industry by as much as 70 percent this year. In the U.S.,

Compliance 117

Compliance Risk Management Lending Regulation 117

CFPB Monitor

SEPTEMBER 2, 2016

The American Bankers Association, joined by six other prominent industry trade groups, is seeking a six-month extension of the date by which depository institutions must comply with the Military Lending Act (MLA) final rule adopted by the Department of Defense (DoD) in July 2015 that dramatically expanded the scope of the MLA’s coverage.

Compliance 79

Compliance Groups Lending FDIC 79

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. 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.

Compliance 195

Compliance Lending Data Regulation 195

CFPB Monitor

MAY 15, 2020

Although the Bureau’s final rule delaying the compliance date for the ATR provisions left unchanged the August 19, 2019 compliance date for the Payday Rule’s payment provisions, the stay of the compliance date entered by the court on November 6, 2018 stayed the compliance date for both the ATR and the payment provisions.

Compliance 78

Compliance Groups Texas Report 78

Banking Exchange

OCTOBER 18, 2021

Joint letter is part of regulatory body’s push to reject proposal Compliance People Fair Lending Compliance Management Compliance/Regulatory Feature3 Feature Duties.

Taxes 78

Taxes Groups Compliance Report 78

CFPB Monitor

AUGUST 19, 2021

Ballard Spahr Senior Counsel Alan Kaplinsky hosts the conversation, joined by Lori Sommerfield, Of Counsel in the firm’s Consumer Financial Services Group, and Terence Grugan, a partner in the firm’s White Collar Defense/Internal Investigations and Securities Enforcement/Corporate Governance Litigation Groups.

Lending 78

Lending Compliance Groups Security 78

PYMNTS

JANUARY 19, 2021

NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. Italy’s BNL , part of BNP Paribas Group , has debuted its multi-banking solution developed in conjunction with open banking FinTech Tink , according to a press release. BNL Goes Live With Tink.

Fintech 341

Fintech National Groups Tools 341

CFPB Monitor

SEPTEMBER 2, 2016

” The trade groups note that it was not until last week, on August 26, 2016, that the DoD published in the Federal Register an interpretive rule to provide guidance regarding compliance with the July 2015 final rule.

Compliance 60

Compliance Groups Lending FDIC 60

CFPB Monitor

MARCH 29, 2022

The Fifth Circuit has scheduled oral argument for May 11, 2022 in the appeal filed by the trade groups challenging the payment provisions in the CFPB’s 2017 final payday/auto title/high-rate installment loan rule.

Groups 78

Groups Compliance Payments Texas 78

PYMNTS

OCTOBER 12, 2020

Aave recently announced its governance model to help the community access more participation, with old Aave token LEND now able to be swapped for the new Aave token at a ratio of 100 LEND to 1 Aave.

Bitcoin 261

Bitcoin Compliance Lending Regulation 261

American Banker

FEBRUARY 5, 2024

The Independent Community Bankers of America, American Bankers Association and other groups filed a lawsuit arguing that recent reforms to implementing regulations for the Community Reinvestment Act exceed statutory authority.

Groups 77

Groups Regulation Community America 77

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

CFPB Monitor

AUGUST 2, 2021

The Texas federal district court hearing the lawsuit filed by two trade groups challenging the CFPB’s 2017 final payday/auto title/high-rate installment loan rule (2017 Rule) has entered an order directing the parties to files briefs regarding a compliance date for the 2017 Rule’s payment provisions.

Texas 78

Texas Compliance Payments Groups 78

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

CFPB Monitor

NOVEMBER 4, 2021

Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation, joined by John Culhane, a partner in the firm’s Consumer Financial Services Group, Lori Sommerfield, Of Counsel in the Group, Heather Klein, an associate in the Group, and Richard Andreano, a partner in the firm’s Mortgage Banking Group.

Lending 78

Lending Data Report Risk Management 78

CFPB Monitor

AUGUST 8, 2019

The order follows the filing of the most recent status report on August 2 by the CFPB and trade groups. Thus, companies subject to the payment provisions of the Payday Rule will almost certainly have a respite of at least two and a half months (and likely longer) before the payment provisions will become applicable.

Compliance 60

Compliance Groups Texas Report 60

CFPB Monitor

MAY 10, 2022

The Fifth Circuit held oral argument yesterday in the appeal filed by the trade groups challenging the payment provisions in the CFPB’s 2017 final payday/auto title/high-rate installment loan rule (2017 Rule). Click here for the recording of the oral argument.

Groups 78

Groups Compliance Payments Lending 78

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 184

Fintech Lending Software Compliance 184

CFPB Monitor

MARCH 20, 2019

On March 8, the parties filed a new status report setting forth their views on whether the court should continue to stay the lawsuit and the Payday Rule’s August 19 compliance date. The proposals would leave unchanged the Payday Rule’s payment provisions and their August 19 compliance date.

Compliance 68

Compliance Texas Groups Payments 68

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

Lending 100

Lending Compliance Capital Marketing 100

Perficient

DECEMBER 1, 2022

How can firms give their advisors more liberty to be personalized and tailored in communicating with their clients and prospects while still ensuring utmost regulatory compliance? Here is an example scenario in which a financial advisor equipped with Salesforce was able to better target a client while maintaining regulatory compliance.

Taxes 294

Taxes Customer Experience Marketing Compliance 294

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). The judge wrote in his March 19 ruling that he had not received a request to lift the stay.

Lending 128

Lending Illinois Compliance Chicago 128

CFPB Monitor

SEPTEMBER 16, 2021

The trade groups have also filed a motion asking the district court to extend its stay of the compliance date until 286 days after the appeal is fully and finally resolved in order to maintain the status quo pending appeal.

Groups 78

Groups Texas Compliance Conference 78

PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Those were the good old days of Lending Club, a Silicon Valley darling that was the next big thing in lending. Lending Club was the poster child of that alt lending movement. I want to create something new and innovative.” He was far from alone.

Lending 100

Lending Capital Compliance Operations 100

Abrigo

MAY 10, 2021

You might also like this Aite Group report on LOS vendors. Takeaway 3 Aite Group assessed client references to evaluate vendors of loan origination systems and important features. Lending process management is key to timely decisions. A form that can handle multiple loan product types. Workflow & Analysis.

System 195

System Lending Analysis Software 195

CFPB Monitor

OCTOBER 27, 2022

area auto dealer, Passport Automotive Group (“Passport”), resolving allegations that it had deceived consumers by adding illegal “junk” fees onto car prices and charging Black and Latino consumers higher financing costs and fees. Chamber of Commerce and other trade groups on the grounds that it violated the Administrative Procedure Act.

Groups 78

Groups Exercises Lending Policies 78

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

CFPB Monitor

MARCH 11, 2019

The CFPB and the two industry trade groups that filed a lawsuit in a Texas federal district court challenging the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule) filed a new status report with the court on March 8 to follow up on their March 1 status report.

Compliance 68

Compliance Groups Report Payments 68

PYMNTS

JUNE 26, 2018

In a press release issued on Monday (June 25), the SBA announced a strategic alliance with the American Institute of Certified Public Accountants (AICPA) to help small businesses (SMBs) facing regulatory compliance and enforcement issues. The SBA and AICPA have been working together since 2008, the entities noted.

Groups 101

Groups National Compliance Lending 101

CFPB Monitor

SEPTEMBER 17, 2018

The two trade groups that unsuccessfully attempted to obtain a stay of the August 19, 2019 compliance date for the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule) have now filed a Motion for Preliminary Injunction to enjoin the CFPB from enforcing the Payday Rule.

Groups 68

Groups Compliance Conference Meeting 68

CFPB Monitor

NOVEMBER 22, 2021

The trade groups challenging the payment provisions in the CFPB’s 2017 final payday/auto title/high-rate installment loan rule (2017 Rule) have filed their opening brief with the Fifth Circuit.

Groups 78

Groups Exercises Analysis Compliance 78

PYMNTS

FEBRUARY 19, 2020

The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published reports said Tuesday (Feb. The overall theme will be balancing taxpayer services with the IRS’ regulatory needs.

Meeting 168

Meeting Groups cryptocurrency Bitcoin 168

CFPB Monitor

NOVEMBER 7, 2018

Yesterday, the court reversed course in the lawsuit filed by two industry trade groups challenging the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule). Unfortunately, the court did not specify a termination date for the stay of the compliance date, as the trade groups and CFPB originally requested.

Compliance 74

Compliance Texas Groups Course 74

CFPB Monitor

APRIL 27, 2020

A new joint status report was filed this past Friday with the Texas federal district court hearing the lawsuit filed by two trade groups challenging the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule).

Groups 78

Groups Report Compliance Texas 78

CFPB Monitor

JUNE 13, 2022

Critics of big banks wrote in support of the concept that the FDIC consult with the CFPB on merger applications, one group even going so far as to say the CFPB should have the authority to prevent a merger. A separate role of the CFPB would therefore be superfluous to existing considerations.”

FDIC 78

FDIC Groups Community Meeting 78