Links in “Lending”

The TILA-RESPA Integrated Disclosure rule changes were massive, and regulators have, to varying degrees, extended a grace period for compliance. But investors, wary that loans may contain compliance defects, are reluctant to buy, creating liquidity problems for some lenders. [12/22/15]

The Fed, FDIC, and OCC remind commercial real estate lenders to reinforce their prudent risk-management practices in light of increased competition. [12/21/15]

Regulators are concerned that banks are going too soft on credit underwriting standards on multifamily loans. [12/21/15]

California Department of Business Oversight has launched an inquiry into the business practices of 14 companies, including PayPal and Square. The list is expected to grow. "Folks shouldn't assume that this group of 14 is going to be the entire universe of lending that end up being part of this inquiry." [12/15/15]

If your credit union is considering entering into commercial lending or is thinking about expanding its MBL portfolio, this article is a must-read. It is key that credit unions understand the soundness of various types of commercial properties as business entities and as potential collateral for  loans. [12/8/15]

Two mortgage lenders find out the hard way that originating home loans that don't meet HUD guidelines can be a bad idea. A Tennessee lender has agreed to pay $70 million and a much smaller lender in Utah has agreed to pay $1 million. [12/8/15]

Despite recent reports that TILA-RESPA Integrated Disclosures hasn't caused any major lending delays, there are signs that indicate there may be problems ahead. [12/1/15]

The CFPB announced actions against an online lender, Integrity Advance, LLC, and its CEO for deceiving consumers about the cost of short-term loans in failing to disclose the costs consumers would pay under the default terms of the contracts as well as unfair practices involving the creation of checks used to debit consumers’ bank accounts even after the consumers revoked authorization for automatic withdrawals. The action to file will now go before an independent Administrative Law Judge within the Bureau for ruling. [11/20/15]

The ranking Democrat on the House Small Business Committee intends to find out. She wants the CFPB and the SEC to answer her five questions. [11/17/15]

If proposed NCUA regulations are approved, credit unions ability to lend to business may receive a boost. [11/16/15]