Skip to content
PRODUCT
ABOUT US
RESOURCES
THE SCANNER
SELF-AUDIT
RESOURCE CENTER
PARTNER: Equifax
Menu
PRODUCT
ABOUT US
RESOURCES
THE SCANNER
SELF-AUDIT
RESOURCE CENTER
PARTNER: Equifax
GET STARTED
PRODUCT
ABOUT US
RESOURCES
THE SCANNER
SELF-AUDIT
RESOURCE CENTER
PARTNER: Equifax
Menu
PRODUCT
ABOUT US
RESOURCES
THE SCANNER
SELF-AUDIT
RESOURCE CENTER
PARTNER: Equifax
CONSUMER LENDING, COMPLIANCE, AND
CREDIT RISK & REPORTING NEWS
Product Corner Q2 2024: Stay ahead of FCRA Compliance needs with new insights
READ MORE
The Top Headlines This Week
Federal Reserve Board takes action to address consumer compliance breakdowns by Green Dot, fining the firm $44 million for numerous unfair and deceptive practices and a deficient consumer compliance risk management program
July 19, 2024
US regulator privately finds weak risk-management at half of large banks, Bloomberg reports
July 21, 2024
Rent-to-Own Company Sues to Block Imminent CFPB Enforcement
July 22, 2024
North Carolina consumers score court win against one of nation’s largest debt-buyers
July 19, 2024
New credit-building products are gaming the system in a bad way, experts say
July 23, 2024
Want a new issue of The Scanner delivered right to your inbox each Friday?
Sign up below to get on the list!
Recent News
CFPB Warns Against Intimidation of Whistleblowers
cfpb
|
July 24
Joint Statement for the Record on “Instant Payments, Instant Losses: Zelle and the Big Banks Fail to Protect Consumers from Fraud”
American Bankers Association
|
July 23
Experian Issues an Opinion Editorial on the Three Myths Blocking the Way to Greater Financial Inclusion
Morningstar
|
July 23
2024 Mid-Year Review: State AGs Shaping Regulatory Landscapes
JD Supra
|
July 23
FTC Issues Orders to Eight Companies Seeking Information on Surveillance Pricing
ftc
|
July 23
FTC Issues Orders to Eight Companies Seeking Information on Surveillance Pricing
ftc
|
July 23
CFPB to distribute more than $53 million to consumers harmed by BrightSpeed Solutions
cfpb
|
July 23
HUD Files Appraisal Discrimination Charge Against Rocket Mortgage
JD Supra
|
July 23
New credit-building products are gaming the system in a bad way, experts say
USA Today
|
July 23
4 key trends in tech-led consumer lending
Fast Company
|
July 22
ABA/Joint Trades’ Comment Letter to CFPB re: Consumer Complaint Survey
American Bankers Association
|
July 22
CFPB Says Earned Wage Access Products are Subject to the Truth in Lending Act
JD Supra
|
July 22
Vulnerabilities in non-banks leave door open to ‘shocks’, says G20 watchdog
reuters
|
July 22
The Consumer Data Industry Association filed a comment last week opposing proposed changes to California rules for AI in employment decisions
LinkedIn
|
July 22
Rent-to-Own Company Sues to Block Imminent CFPB Enforcement
Bloomberg Law
|
July 22
US regulator privately finds weak risk-management at half of large banks, Bloomberg reports
reuters
|
July 21
The Supreme Court’s ‘Chevron’ ruling is an existential threat to the ‘American economic miracle’ and will make the U.S. more like Europe, Lazard chair says
Fortune
|
July 20
Agencies Request Comment on Anti-Money Laundering/Countering the Financing of Terrorism Proposed Rule
OCC
|
July 19
NCUA Board Votes to Maintain 18% Interest Rate Ceiling on Most Loans
Consumer Finance Monitor
|
July 19
Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
pymnts
|
July 19
OCC Proposes Updates to Large Bank Recovery Planning Guidelines
JD Supra
|
July 19
US regional banks build stronger safety nets as CRE pain lingers
reuters
|
July 19
Citi COO intended to deceive OCC, ex-employee says
Banking Dive
|
July 19
North Carolina consumers score court win against one of nation’s largest debt-buyers
NC Newsline
|
July 19
Federal Reserve Board takes action to address consumer compliance breakdowns by Green Dot, fining the firm $44 million for numerous unfair and deceptive practices and a deficient consumer compliance risk management program
Federal Reserve
|
July 19
Hsu signals OCC to review preemption rules
Banking Dive
|
July 18
‘Polarizing’ state laws risk ‘fragmenting’ system: bank regulator
ESG Dive
|
July 18
BNPL Firms Seek to Delay Impending Federal Regulation
ACA International
|
July 18
6 ways the CFPB wants to keep its eyes on fintech middlemen
Banking Dive
|
July 17
Supreme Court Rulings May Shake Up Banking Entry Decisions in Fintechs’ Favor
The Financial Brand
|
July 17
Patelco Credit Union restores most banking services; questions linger over personal information exposure
msn
|
July 17
Acting Comptroller Discusses Trends Reshaping Banking
OCC
|
July 17
Discover to sell student loan portfolio to Carlyle, KKR in $10.8B deal
Banking Dive
|
July 17
Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models
OCC
|
July 17
Dorsey v. TransUnion: Court Finds Debt Collector Should Have Investigated Consumer’s Disputed Debt
ACA International
|
July 17
Joint Trades Letter to CFPB on 1033 Compliance Dates
American Bankers Association
|
July 16
Fifth Circuit issues mandate in connection with its order reversing District Court’s order transferring venue to DC District Court in connection with lawsuit challenging validity of CFPB’s credit card late fee regulation
Consumer Finance Monitor
|
July 16
Q&A: How the Supreme Court’s Undoing of the Chevron Decision Could Impact Consumer Lenders
roundtables
|
July 16
CFPB Proposes Revamped RESPA Mortgage Servicing Rules
JD Supra
|
July 15
7th Cir. Upholds Rejection of Borrower’s FCRA and FDCPA Claims Arising from Collection and Reporting Post-Bankruptcy
Lexology
|
July 15
CFPB Scores Major Victory In Townstone Financial Redlining Case
National Mortgage Professional
|
July 15
Wells Fargo cites customer movement as net interest income drops
Banking Dive
|
July 12
Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
OCC
|
July 12
FFIEC Publishes 2023 Data on Mortgage Lending
cfpb
|
July 11
JPMorgan aims to amass 15% of US consumer deposits, boost credit card share
reuters
|
July 11
FFIEC Publishes 2023 Data on Mortgage Lending
cfpb
|
July 11
Acting Comptroller Discusses Importance of Addressing Financial Fraud
OCC
|
July 10
Bank-fintech guidance needs more clarity, FDIC’s McKernan says
Banking Dive
|
July 10
The CFPB and State AGs Act Jointly Against Online Educational Company
JD Supra
|
July 10
CFPB Releases Summer 2024 Supervisory Highlights
JD Supra
|
July 10
CFPB Proposes Rules to Help Homeowners Avoid Foreclosure
cfpb
|
July 10
CFPB Issues Semi-Annual Regulatory Agenda; Registry of Supervised Non-Banks to Be Finalized This Month
Consumer Finance Monitor
|
July 10
US regulators fine Citi $136 million for failing to fix longstanding data issues
reuters
|
July 10
Risk Management Manual of Examination Policies
|
July 9
CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts
cfpb
|
July 9
OCC Reports Mortgage Performance for First Quarter of 2024
OCC
|
June 26
The CFPB’s 2023 fair lending annual report to congress
cfpb
|
June 26
Surge in credit report lawsuits has banks, credit agencies scrambling
American Banker
|
June 26
Deal prompts Funding Circle to surrender hard-won SBA license
American Banker
|
June 25
America’s Credit Unions offers recommendations for NCUA records preservation program
CUInsight
|
June 25
Fed’s Bowman: need steady policy rate ‘for some time’ to beat inflation
reuters
|
June 25
CFPB Extends Compliance Dates for Small Business Lending Rule
cfpb
|
June 25
Consumers Say They Use Credit to Buy Essentials and Spend More
pymnts
|
June 24
Fearing Losses, Banks Are Quietly Dumping Real Estate Loans
NY Times
|
June 24
OCC Requests Comments on Proposed Revisions to Its Recovery Planning Guidelines
OCC
|
June 24
$58M credit report settlement
Courthouse News Service
|
June 24
OCC proposes new recovery plan requirements for $100B-plus banks
ABA Banking Journal
|
June 24
FAIR CREDIT REPORTING—Appeals court affirms FCRA summary judgment in favor of Experian and FedLoan, (Jun 24, 2024)
Wolters Kluwer
|
June 24
CFPB Approves Rule to Ensure Accuracy and Accountability in the Use of AI and Algorithms in Home Appraisals
cfpb
|
June 24
Credit card debt is soaring, especially in these cities
The Hill
|
June 23
FDIC Approves the Deposit Insurance and Merger Applications for Thrivent Bank, Salt Lake City, Utah
FDIC
|
June 21
FDIC, Fed find weakness in living wills of BofA, Citi, Goldman Sachs, JPMorgan
Tip Ranks
|
June 21
CUs, Banks Support Bill to Stop Fed’s Debit Interchange Proposal
Credit Union Times
|
June 20
This week’s podcast episode: What banking leaders need to know about the U.S. Supreme Court decision that the Consumer Financial Protection Bureau’s funding mechanism is constitutional–Part II
Consumer Finance Monitor
|
June 20
Colorado federal court issues preliminary injunction prohibiting Colorado from enforcing DIDMCA opt-out to loans made to Colorado residents by out-of-state state-chartered banks
Consumer Finance Monitor
|
June 20
FDIC Board of Directors Approves Final Revised Rule to Strengthen Resolution Planning for Large Banks
FDIC
|
June 20
Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Final Rule to Avoid Costly Megamergers
cfpb
|
June 20
Citi Sees AI Displacing More Bank Jobs Than Any Other Sector
bloomberg
|
June 19
CFPB House hearing: 6 key takeaways
Payments Dive
|
June 18
Ensuring consumers aren’t pushed into medical payment products
cfpb
|
June 18
Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
CNBC
|
June 13
The U.S. wants to crack down on payday loans. Here’s what you need to know.
The Washington Post
|
June 13
Director Rohit Chopra gives the back of his hand to argument that CFPB is unlawfully funded out of losses of Federal Reserve Banks
Consumer Finance Monitor
|
June 13
FTC Updates (June 3-7, 2024)
Crowell
|
June 12
Remarks by Jonathan McKernan, Director, FDIC Board of Directors on “Oversight of the FDIC’s Failed Leadership and Toxic Workplace Culture” before the Committee on Financial Services, United States House of Representatives
FDIC
|
June 12
F&I data: Captives financed more than 60% of new vehicles in Q1, Experian says
Auto News
|
June 12
Wells, PNC CFOs see office spaces leading CRE stress
|
June 12
Fed to Keep Rates Higher Even Longer; CU Economists Still See Chance for Cuts Soon
Credit Union Times
|
June 12
How banning medical debt from credit reports could help millions of Americans
PBS
|
June 12
Quoted: ACA Leaders Share Concerns About CFPB’s Proposed FCRA Rule
ACA International
|
June 12
CFPB Proposal Reduces Access to Credit for Responsible Consumers
U.S. Chamber of Commerce
|
June 12
Get Ready for New State Privacy Laws
ACA International
|
June 12
More consumer data safeguards needed, watchdog tells US Congress
reuters
|
June 12
Troutman Pepper Weekly Consumer Financial Services Newsletter – June 2024 # 2
JD Supra
|
June 11
The State AG Report – 6.6.2024
JD Supra
|
June 11
Affirm buy now, pay later loans will be embedded into Apple Pay later this year
CNBC
|
June 11
Nichols warns about state efforts to undermine national bank preemption
ABA Banking Journal
|
June 11
Prepared Remarks of CFPB Director Rohit Chopra on the Proposed Ban of Medical Bills on Credit Reports
cfpb
|
June 11
CFPB Proposes to Ban Medical Bills from Credit Reports
cfpb
|
June 11
A movement where all credit unions thrive
CUInsight
|
June 10