CFPB Monitor

APRIL 18, 2019

In May 2018, the CFPB issued an RFI and white paper on small business lending. Other symposia topics will include behavioral law and economics, small business loan data collection, disparate impact and the Equal Credit Opportunity Act, cost-benefit analysis, and consumer authorized financial data sharing.

Policies 68

Policies Analysis Compliance Lending 68

CFPB Monitor

APRIL 7, 2020

Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis. Another potential area of risk highlighted by Chris Willis was fair lending issues that could arise from the handling of modification and forbearance requests.

Massachusetts 78

Massachusetts Compliance Regulation Operations 78

Jeff For Banks

JUNE 20, 2017

So what am I talking about, that deposit insurance is why banks don't do like FinTech lending firms and use alternatives to the FICO score in underwriting consumer credits? They have to find out later, after a bureaucrat in Washington does a white paper. I got news for our lawmakers and regulators.

Data 60

Data FDIC Regulation Washington 60

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain. And to learn.

Fintech 183

Fintech blockchain Lending Digital Banking 183

FICO

JULY 18, 2022

FICO has long-supported financial service institutions in fulfilling their obligations to comply with applicable adverse action notice requirements under regulations such as the Equal Credit Opportunity Act (ECOA). Can Arkali. See all Posts. chevron_left Blog Home. expand_less Back To Top. Related posts. Financial Inclusion Using Analytics.

Analytics 52

Analytics Lending Data Industry 52

CFPB Monitor

FEBRUARY 8, 2021

Cordray referenced an April 2020 white paper he co-authored that outlined immediate actions the CFPB could take to address the pandemic.) Chopra “his own person” and expects him to take the CFPB in new directions. He expects Mr. Chopra to vigorously pursue ways for the CFPB to support consumers financially injured by the pandemic.

Leadership 78

Leadership Lending Groups Policies 78

CFPB Monitor

JULY 28, 2022

Because the issuance of such an interpretation would represent a significant change in the application of EFTA/Regulation E liability protections, we believe such a change should be the subject of notice-and-comment rulemaking procedures, either as an amendment to Regulation E or to the Official Staff Commentary, or both. .

Regulation 78

Regulation Lending Fraud Meeting 78

FICO

SEPTEMBER 28, 2018

I called out some highlights from FICO’s recent white paper on this subject. (We The panel primarily focused on the opportunities and challenges associated with the use of Machine Learning (ML) in credit underwriting. We will dive into this further in future blogs so keep an eye out.).

Miami 53

Miami Analytics Resources US 53

CFPB Monitor

NOVEMBER 24, 2014

(The CFPB explained its use of the BISG proxy method in a white paper that accompanied the release of the CFPB’s proposed larger participant rule for the auto financing market and a special edition of Supervisory Highlights describing the CFPB’s fair credit supervisory activity in “the indirect automobile lending market.”).

Study 68

Study Analysis Regulation Analytics 68

CFPB Monitor

AUGUST 3, 2016

This release by the CFPB echoes the principles discussed in the recent white paper issued by the Treasury, HUD, and the FHFA titled: “Guiding Principles for the Future of Loss Mitigation: How the Lessons Learned from the Financial Crisis can Influence the Path Forward.”

Meeting 60

Meeting Regulation Policies Lending 60

FICO

JANUARY 15, 2021

lending decisions (Mercator Advisory Group Analyst Report 2018). Even if other credit scoring models include treatment of the credit reporting codes related to loan forbearance or deferred payment plans that result in lower scores, rest assured that these score drops have no bearing on your FICO® Score.

Report 59

Report Payments Cards Data 59

CFPB Monitor

JULY 1, 2015

A recent American Banker article written by officials of three community groups urges President Obama to publicly denounce Director Cordray for failing to issue regulations implementing the small business lending data requirements of Dodd-Frank Section 1071.

Community 60

Community Lending Groups Data 60

CFPB Monitor

MAY 22, 2019

The California Reinvestment Coalition has filed a lawsuit against the CFPB in a California federal district court seeking a declaration that the CFPB’s failure to issue regulations implementing Section 1071 of the Dodd-Frank Act violates the Administrative Procedure Act and requiring the CFPB to promptly issue such regulations.

CA 68

CA Regulation Community Resources 68

CFPB Monitor

JULY 2, 2019

In April 2011, the CFPB issued guidance indicating that it would not enforce Section 1071 until it issued implementing regulations. In May 2017, the CFPB issued a RFI and a white paper on small business lending in conjunction with a field hearing on small business lending.

California 60

California Resources Community Lending 60

Insights on Business

AUGUST 28, 2019

Simulating analytics on financial instruments lends itself more toward parallelization so a lightweight microservice was created to use a large number of smaller instances to process larger jobs in lieu of managing a few larger instances. Learn more at ibm.com/RegTech.

Management 87

Management Risk Management Resources Analytics 87

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. International lending platform – Create opportunities for Investors. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

Insights on Business

AUGUST 28, 2019

Simulating analytics on financial instruments lends itself more toward parallelization so a lightweight microservice was created to use a large number of smaller instances to process larger jobs in lieu of managing a few larger instances. Learn more at ibm.com/RegTech.

Management 70

Management Risk Management Resources Analytics 70

CFPB Monitor

DECEMBER 1, 2016

The CFPB issued a June 2013 white paper and a July 2014 report on checking account overdraft services. Small business lending data. .” In the Fall 2016 agenda, the CFPB states that it “expects to convene a separate SBREFA proceeding focusing on companies that collect their own debts in 2017.” Overdrafts.

Regulation 60

Regulation Lending Data Report 60

CFPB Monitor

NOVEMBER 23, 2015

The panel was convened on October 20, 2015 to review the proposals the CFPB is considering for regulating the use of arbitration agreements in certain consumer financial services contracts. The CFPB issued a June 2013 white paper and a July 2014 report on checking account overdraft services. Small business lending data.

Policies 60

Policies Report Data Analysis 60

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. Regulator Award. Take this brief survey (5-7 minutes) and receive: “Insights into 2016,” a free white paper with study results and recommendations for 2016.

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 14, 2023

Note for you damn haters: yes, it’s down from a frothy high of $66,0000, but look at the normalized return over the past 15 years since Satoshi Nakamoto’s white paper.) The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations.

Fintech 195

Fintech Community Regional Technology 195

CFPB Monitor

MAY 23, 2016

The Spring 2016 agenda also does not reflect the CFPB’s announcement that it will hold a field hearing on small dollar lending in Kansas City, Missouri on June 2, 2016. The CFPB issued a June 2013 white paper and a July 2014 report on checking account overdraft services. Small business lending data. Overdrafts.

Kansas City 84

Kansas City Lending Missouri Kansas 84

CFPB Monitor

AUGUST 31, 2015

84 House members recently wrote to the CFPB to urge it to expedite rulemaking to implement the small business lending data requirements of Dodd-Frank Section 1071. In their letter to Director Cordray, the House members urge the CFPB “to move forward this year” with Regulation B rulemaking to implement Section 1071.

Lending 60

Lending Data Groups Regulation 60

CFPB Monitor

OCTOBER 17, 2018

Business Lending Data. In May 2017, the CFPB issued a RFI and a white paper on small business lending in conjunction with a field hearing on small business lending. HMDA/Regulation C. It estimates the issuance of a NPRM in March 2019. Consumer reporting.

Regulation 68

Regulation Compliance Lending Cards 68

FICO

MAY 31, 2017

On May 10, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) seeking to learn more about the small business lending market. If you are scratching your head as to why the CFPB is delving into small business lending, you are not alone. Comments are due on July 14, 2017. What are the Next Steps?

Lending 45

Lending Regulation Industry Data 45