Topic: Lending
-
CFPB’s small business lending rule gets new effective dates
NEWS: In light of last week’s U.S. Supreme Court decision (which we covered in this Compliance Courier) that the Consumer Financial Protection Bureau’s (CFPB’s) funding mechanism is constitutional, the Bureau has announced […]
-
CFPB’s small business lending rule gets new effective dates
NEWS: In light of last week’s U.S. Supreme Court decision (which we covered in this Compliance Courier) that the Consumer Financial Protection Bureau’s (CFPB’s) funding mechanism is constitutional, the Bureau has announced […]
-
Supreme Court rules that CFPB funding is constitutional
NEWS: The Consumer Financial Protection Bureau’s (CFPB’s) funding mechanism, which bypasses the congressional appropriations process, is constitutional, the Supreme Court ruled today, reversing a lower federal appeals court. The case had threatened […]
-
Notifying senior mortgage lenders of a credit union’s junior lien
Q&A: Here’s a question that a Wisconsin credit union recently asked The League’s Legal Affairs team, along with our answer. Do you have a compliance question? Contact The League’s Compliance Hotline […]
-
New state law covers ABLE accounts & other financial services
NEWS: Last week, Gov. Tony Evers signed into law Senate Bill 668, now 2023 Wisconsin Act 267. The new law, which is quite lengthy, requires the Wisconsin Department of Financial Institutions (DFI) […]
-
Representative payee account and lending
Q&A: Here’s a question that a Wisconsin credit union recently asked The League’s Legal Affairs team, along with our answer. Do you have a compliance question? Contact The League’s Compliance Hotline […]
-
CDFI certification application updated, live webinar on Dec. 13
NEWS: The Treasury Department last week released a revised Community Development Financial Institution (CDFI) certification application, more than a year after the CDFI Fund initiated a certification blackout as it proposed […]
-
Does Wisconsin set a “usury” cap on loan interest rates?
Q&A: Here’s a question that a Wisconsin credit union recently asked The League’s Legal Affairs team, along with our answer. Q. I have searched the Wisconsin statutes and can’t find the […]
-
CFPB updates three regulatory exemption amounts for 2024
NEWS: Every year, the CFPB adjusts the exemption thresholds for three of its lending rules, and those thresholds are increasing for 2024: HPML appraisals: The threshold for exempting loans from special appraisal […]
-
Credit unions, other lenders, get relief from small business data collection rule
NEWS: The CFPB’s Reg. B small-business lending data collection rule is now on hold for all covered lenders nationwide, including credit unions, after a Texas federal court issued an order today that delays enforcement […]