Links in “Lending”
- Why Payday Lending May Be a Better Fit for Some Charters Than Others
While the other regulatory agencies are trying to choke off their financial institutions from making payday loans, the NCUA is encouraging credit unions to get involved in small-dollar lending. Whether it's a good business practice is still up for debate. [5/7]
- Ingredients of a Well-Developed Fair Lending Program
A look at the ingredients of a well-developed fair lending program, according to the CFPB in its second Fair Lending Report recently issued to Congress. [5/6]
- A Look at the So-Called “Minor” Changes to Mortgage Rules
Here's why the CFPB's self-described "minor" changes to mortgage rules may not be so minor after all. [5/5]
- Urban Institute: Tight Mortgage Lending Rules Taking Their Toll
Despite rising home prices and signs of a housing recovery, tight mortgage lending rules are inhibiting housing demand and economic growth, according a recent study by Urban Institute. [5/5]
- The Gist of the CFPB’s Fair Lending Report
A brief recap of the CFPB's Fair Lending Report, including guidance on how lenders may self-assess their own compliance with ECOA and HMDA. [5/5]
- NCUA Receives Approval to Intervene in Loan Participation Lawsuit
NCUA has received approval to intervene in a lawsuit against three former employees of the now-liquidated Lynrocten Federal Credit Union. The $1.6 million dollar suit filed by Northern Piedmont Federal Credit Union alleges the three employees engaged in a loan participation fraud scheme. [5/2]
- Case Study: FinCEN’s New Push on BSA Enforcement
Florida money services business gets hit with civil money penalties for flaws in its anti-money laundering program. Here's a look at what caught FinCEN's attention. [5/2]
- OCC Promotes Small Business Lending
The OCC promoted small business lending as part of the State Small Business Credit Initiative (SSBCI) Conference in effort to supporting efforts to fund small business finance programs, which leverage private bank loans or provide venture capital funds. [5/2]
- CFPB Blog Highlights Newly Issued Fair Lending Report
CFPB Blog highlights key points presented in report to Congress on efforts of the Bureau related to Fair Lending. Key efforts including refinement of supervisory review of Fair Lending laws, enforcement actions taken, release of key tools including the HMDA Database and expanding use of the CFPB Complaint system that advocates for consumers impacted by various issues including Fair Lending. [5/1]
- Do You Have a Winning Member Business Service Program?
Approximately 2,300 credit unions now offer member business services or business lending. However, Jim Devine, an instructor at the CUES Business Lending School, says many of these credit unions need to take a step back and look at the value proposition they are offering to their business members and take measures to better protect themselves against interest risk. [4/30]
