Links in “Banks”
- CFPB Focusing on the “Other Consumer Loan” Complaint Category
When it comes to complaints categories, visitors to the CFPB's complaint portal can pick such loan types of "mortgage," "payday loan" and "other consumer loan." The CFPB has become especially interested in a relatively new type of "other consumer loan," namely marketplace loans , where lenders use an online interface to connect consumers or businesses seeking to borrower money with investors willing to lend. [3/8/16]
- Top of the List: Regulatory Relief
Relief from crushing regulatory burden is at the top of the ICBA's priority list for 2016, but the list includes a whole range of issues, from mortgage lending reform to tax-exempt credit unions. [3/8/16]
- The TRID Effect: Increased Processing Times, Fewer Products, Closing Delays
ABA has released its 2016 TRID survey, and the results are not pretty. Plus, costs per transaction are up from $300 to $1,000 each. [3/7/16]
- Did CRA Contribute to the Financial Crisis?
This 3-part series takes a look at where CRA has been, where it is now, and where it may be heading. [3/7/16]
- Group Releases Health Grades for Banks and Credit Unions
The Bank Health Ratings page has been updated based on Q4 Call reports. [3/7/16]
- Agency-Private Sector Revolving Door Revolves Again
CFPB's general counsel and acting deputy director switches sides and joins Capital One. [3/7/16]
- Why Wait Until November for Regulatory Relief?
Politicians from both sides of the aisle claim to want regulatory relief for smaller institutions. But we don't have to wait until the election to get it. [3/1/16]
- Super Tuesday: What It Could Mean for Banks
Here are four things to look for on this "Super Tuesday," when 12 states hold their primaries, including Alabama, which will decide if the Senate's Banking Committee Chairman will get to continue to represent his party. [3/1/16]
- Groups’ Fair Housing Complaints Lead to $2.8 Million Redlining Settlement
Two fair housing groups accused First Federal Bank of Kansas City of excluding minority neighborhoods from its lending service area. HUD check out their claims. The bank has agreed to a $2.8 million settlement. Check out HUD's take on it, too. [3/1/16]
- Cordray’s 9-Point Plan to Fix You
The CFPB's director laid out nine goals where he hopes the CFPB will make significant progress over the next two years. Next up: to create the tools it needs to accomplish those objectives. [2/29/16]