In the News
Credit Reporting Agencies Remove More Medical Collections Debt From Reports
Three credit reporting agencies have taken another step in removing medical collection tradelines from credit reports. Equifax, Experian and TransUnion have removed medical collections debt with an initial reported balance...
Greenlight’s new B2B offering brings kid-focused banking to traditional firms
Over half a dozen firms, including Morgan Stanley, WaFd Bank and Community Financial Credit Union have partnered with the neobank to offer its services to their customers. Courtesy of Anna...
CFPB Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review
The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. And for Big Tech, at least, the regulatory gaze will only widen, eyeing the payments ambitions of the biggest platforms, and whether new payment types...
NCUA Opening 2023 CDRLF Grant Round May 1
$3.5 Million Available; Credit Unions Should Review Eligibility Before Applying. Credit unions eligible for Community Development Revolving Loan Fund grants in 2023 can apply between May 1 and June 30,...
Apr. 7: CFPB Updates This Week
The CFPB issued the small business lending rule. To help financial institutions implement and comply with the small business lending rule, the CFPB is launching a dedicated regulatory and technical support program called SBL Help...
Veteran of FDIC Takeover Tells What It’s Like to Run a Failed Bank
John Bovenzi is part of the small club of people who have run a failed U.S. bank, a group whose membership expanded by two this month when regulators swooped in to take over Silicon Valley Bank and Signature Bank...
Mar. 31: NCUA News This Week
This week's news includes a Regulatory Alert on Home Mortgage Disclosure Act Data Collection Requirements and a Share Insurance Webinar on April 13th...
Mar. 31: CFPB Updates This Week
CFPB has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination...
HUD Secretary’s Memorandum Concerning “Junk Fees” and Tenant Screening Reports
On March 7, 2023, HUD Secretary, Marcia L. Fudge, issued a public memorandum (the “Memo”) expressing concern over a lack of transparency in fees charged to residential tenants.
WOCCU Releases Guide to International Sustainable Finance Regulations
World Council of Credit Unions Tuesday issued “What Credit Unions Should Know About Sustainable Finance”, a guide to help credit unions understand many of the international standards and emerging regulatory...
Mar. 24: CFPB Updates This Week
NASCUS Summary on CFPB Review/Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act The Consumer Financial Protection Bureau (CFPB) issued a notice and...
Mar. 17: CFPB Updates This Week
PUBLISHED MAR 16, 2023 CFPB Heightens Scrutiny of Unlawful Collection of Payments on Discharged Student Loans The Consumer Financial Protection Bureau (CFPB) released a bulletin warning servicers of their obligation...