Links in “Lending”
- Loan Demand Accelerating
And at a brisk pace! Loan balances up 5.2% over the past 12 months; the fastest loan growth rate since 2008. [6/4]
- Final Final (That’s Final Squared) Ability to Repay Rule
Among the list of "final final" rule modifications is the inclusion of loan originator compensation in the points and fees calculation. [5/31]
- Best Q1 in History for Banks
Greater fee income, fewer losses from bad loans; yet tighter net interest margins and slow loan growth can put pressures on banks that attract greater supervisory attention. [5/30]
- Prohibition Delayed
CFPB delays amendment prohibiting creditors from financing certain credit insurance premiums in connection with certain mortgage loans until January 2014. [5/29]
- Digging Deeper into Ability to Pay Rules
When determining whether to issue an applicant a credit card, CUs may consider whether consumers 21+ have a "reasonable expectation of access" to income and assets, but are they required to? [5/28]
- CFPB Goes Final on HPML, The Gap & Rural Escrow Rules
You begin to wonder what Super RESPA/TILA is going to require when three basic elements of TILA require dozens of FR pages. [5/23]
- Add This to Your FL Knowledge Base
Experian study provides performance analysis on mortgage debt by gender. [5/23]
- CFPB Clarifies Escrow Rule Definitions of “Rural” and “Underserved”
Efforts to clarify rules on borrowersâ ability to repay higher-priced mortgages for higher-priced loans continues. [5/20]
- Consumer Group Targets 9 CUs Offering Payday Loans
NCLC lists nine CUs, ranging in size from $5.9 million to $3.3 billion in assets, in five states. [5/17]
- CFPB’s New Weapon to Battle Auto Loan Markups: Racial Discrimination
CFPB doesn't ban auto loan markups, but lays the groundwork for enforcement action against lenders on basis of higher markups for minorities. [5/16]
