Links in “Agencies”

NCUA issues 3 administrative orders related to former credit union employees and provides new tool for searching for Administrative Orders. See this. [12/2]

Settlement covers 716,000 loans over nine years. [12/2]

CFPB appears poised to tighten definitions to stop lenders from going around the title loan limits, according to testimony before a Senate committee by Holly Patraeus, the bureau's assistant director with the Office of Servicemember Affairs. [11/27]

Regulators issue final guidance on deposit advance products. Impact carries heavy risk from credit to reputation to compliance. [11/26]

CFPB's latest 176-page report intro notes that well-designed regulations can help enhance market efficiency and fairness without imposing undue burdens. However, as the conclusion of the report notes: "The ultimate benefits and costs of a regulation are difficult to measure." [11/25]

NCUA's latest installment in consumer protection focuses on SCRA elements for servicemembers and veterans. [11/25]

Mel Watt, who missed confirmation by just 4 votes in October, is expected to be confirmed under the "nuclear option," which is likely to raise the level of policy risk, according to some industry observers. [11/25]

New affordable small-dollar loan guidelines issued. Cautions on the small dollar product awareness and promotion of innovation encouraged. [11/22]

CFPB's Cordray speaks to ACH industry: "Our goal is not some one-sided aim to maximize consumer protection or industry deterrence at all costs. There is such a thing as doing too little, and there is such a thing as doing too much. We are aiming instead at doing justice." [11/22]

NCUA Board announces four actions including CUSO regulation to promote transparency, budget levels with no staff increases and a decrease of 18.4% in operating fee scale. [11/22]