CFPB Monitor

JANUARY 30, 2023

In recent blog posts, we discussed the efforts of both Michigan and New Mexico to impose a 36% annual interest rate cap. Last year, Congress took up the discussion of a national 36% annual interest rate cap. Over the past few years, numerous states have imposed interest rate caps on consumer credit. Continue Reading

Illinois 78

Illinois New Mexico Michigan Study 78

PYMNTS

AUGUST 25, 2016

But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities. the threat of regulation is headed the way of the alternative finance player. A Regional Reach. A Regulatory Touch.

Regulation 100

Regulation Lending Community California 100

PYMNTS

MARCH 13, 2017

President Donald Trump said reducing Dodd-Frank regulations would benefit SMEs struggling to access financing, according to reports. But community banks, and subsequently their SME customers, are struggling to comply with the complex regulations of Dodd-Frank , he added. Community banks are the backbone of small business in America.”.

Community Bank 101

Community Bank New Mexico Community Meeting 101

Perficient

JULY 11, 2022

Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories. Consumer advocate groups and regulators have also brought forth concerns about the ramifications of BNPL existing outside of the normal credit-reporting system.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

JANUARY 26, 2021

Further complicating matters, the distribution of vaccines over the last mile is largely determined and regulated by the state. The net result is that Maryland has distributed 46 percent of doses, well below the national average of 53 percent. But it's not all bad news.

North Dakota 177

North Dakota West Virginia Maryland New Jersey 177