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Results 1 - 10 of 821 |
Posted Date: Friday, March 22, 2024
As New York considers legislative reforms to strengthen the state’s laws intended to protect consumers against unfair, deceptive, or abusive tactics, the Consumer Financial Protection Bureau expressed strong support for such a measure in identical letters to state leaders. Read on »
Posted Date: Friday, March 15, 2024
Numerous legislative proposals have gained support from industry trade advocates representing mortgage lenders, community bankers and credit unions. Learn more about these bills, as well as some recent developments in the mortgage market, in this roundup. Read on »
Posted Date: Friday, March 8, 2024
Financial Services Committee Chair Patrick McHenry (R-N.C.) hopes the fourth time is the charm for his legislation to create “regulatory sandboxes” allowing financial services providers to offer innovative products and services under an alternative compliance plan. Read on »
Posted Date: Tuesday, March 5, 2024
The Consumer Financial Protection Bureau finalized a rule seeking to reduce excessive credit card fees by closing a regulatory “loophole.” The new rule essentially blocks a 2011 rule amendment enacted by the Federal Reserve that allowed banks to charge fees exceeding the amount required to recover its expenses associated with a late payment. Read on »
Posted Date: Friday, February 9, 2024
Maryland is considering legislation to make it the next state to codify the “true lender” theory, which would impose new tests to identify the parties involved in loan transactions and prohibit efforts to evade such tests. Read on »
Posted Date: Friday, February 9, 2024
Trade advocates for community banks described their concerns to federal regulators in letters to the Federal Trade Commission and the Federal Deposit Insurance Corp. regarding their respective proposed rules. Learn about these matters and more in this roundup. Read on »
Posted Date: Friday, February 2, 2024
From check fraud to tax relief measures to crytoassets, trade associations representing the nation’s financial institutions have had plenty to say. Read a sampling of some the most recent insights taken from official statements and blog posts offering a look into matters concerning the financial services industry. Read on »
Posted Date: Tuesday, January 23, 2024
The mortgage industry has indicated its support for legislation proposed in the House and Senate that seeks to lessen tax burdens on working families. The bill would increase the low-income housing tax credit ceiling by 12.5 percent for calendar years 2023 through 2025. Read on »
Posted Date: Friday, January 12, 2024
The Senate voted not to override President Joe Biden’s veto of a joint resolution to overturn the Consumer Financial Protection Bureau’s final rule on small business lending, which the bureau is mandated to issue under Sec. 1071 of the Dodd-Frank Act.
The rule stipulates data collection and reporting requirements for financial institutions originating 100 or more small business loans per year. Read on »
Posted Date: Tuesday, December 19, 2023
Congress took another key step toward eliminating “trigger lists” utilized by credit reporting agencies with the recent introduction of the Homebuyers Privacy Protection Act (S. 3502). This is the second piece of bipartisan legislation introduced this year to restrict these agencies from selling information about consumers’ credit activity and contact details to lenders and other creditors. Read on »
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