FDIC, Marketing, Operations and West Virginia

California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

SEPTEMBER 10, 2020

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah

Utah California FDIC West Virginia

Trade groups take aim at CFPB’s expansion of UDAAP authority

CFPB Monitor

JULY 7, 2022

The white paper concludes as follows: The CFPB’s action has tremendous implications for consumers, banks, and for financial markets at large. Supreme Court’s decision on June 30, 2022 in West Virginia v. A member of Congress can request a GAO opinion on whether the CFPB’s actions are a rule, which can trigger CRA review.

Groups

Groups West Virginia Policies Virginia

Community Banking Brief

California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

Trade groups take aim at CFPB’s expansion of UDAAP authority

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