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CFPB announces advisory committee members

CFPB Monitor

Eric Kaplan, Director of the Housing Finance Program, Milken Institute (Washington, DC), was appointed to serve as CAB Chairperson. Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC). Jean Setzfand, Senior Vice President, AARP (Washington, DC). Tim Welsh, Vice Chairman Consumer and Business Banking, U.S.

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Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

Data collection for small business lenders Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Proposal Issued. securities credit.

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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

In another easing action dubbed “Operation Twist,” the Fed stated that they will sell $400 billion of their shorter securities (less than 3 year maturities) and buy the same amount of longer securities (6 to 30 year maturities) by June, 2012. It will take time, but eventually, companies and banks will seek higher returns and invest and lend.

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