FDIC, Operations, Regulation 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

In a blog post , the Bank Policy Institute called the CFPB spokesperson’s statement “unprofessional” for “demoniz[ing] commenters and dismiss[ing] their ideas out of hand” and failing to “recognize that people who work in a regulated industry are uniquely positioned to provide insights on the practical effects of a regulation.”

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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