CFPB Monitor
MAY 22, 2020
The Federal Reserve, OCC, FDIC, and NCUA have issued “ Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” Marketing and customer disclosures that comply with applicable laws and regulations and provide information in a clear, conspicuous, accurate, and customer-friendly manner.”.
PYMNTS
OCTOBER 11, 2017
Both noted the regulations seem to have been written with the express purpose of banning payday lending without actually banning it — and that such a move would push consumers into some very shady corners of the market. Driving payday lenders from the market without an alternative puts them at risk.
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NCR
JUNE 17, 2016
Historically, the financial services sector has been reluctant to embrace digital marketing—or expand into new online domestic and global markets. There’s no mystery as to why: banks must navigate a veritable sea of regulations, including strict guidelines on how to communicate with customers and prospects.
NCR
NOVEMBER 24, 2016
Historically, the financial services sector has been reluctant to embrace digital marketing – or expand into new online domestic and global markets. There’s no mystery as to why: banks must navigate a veritable sea of regulations, including strict guidelines on how to communicate with customers and prospects.
Jeff For Banks
OCTOBER 15, 2021
You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. Sure, your home value declined, but what does that mean to someone with little to no mortgage and isn't in the market to sell? Forcing savers into equities, which has driven markets up. Taxes go down?
Abrigo
APRIL 21, 2020
The PPPLF are non-recourse loans, and the Fed, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have agreed that these loans will not increase the regulatory capital requirements for financial institutions leveraging these loans.
Abrigo
SEPTEMBER 5, 2023
As the FDIC said recently: Exceptions to policy should be few in number and properly justified, approved, and tracked. If actual practices vary materially from the written guidelines and procedures, the source of this discrepancy should be identified, and either actual practices or the written policy should be changed.
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