consumer loans – Regulatory Report

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[ May 12, 2021 ] House next, final stop for resolution repealing OCC’s ‘true lender’ rule OCC
[ May 12, 2021 ] Cybersecurity webinar slated May 26 by NCUA, CISA NCUA
[ May 12, 2021 ] OK mortgage banker pleads guilty to defrauding two local banks, Fannie Mae FDIC
[ May 12, 2021 ] Webinar looks at eligibility among credit unions for use of $13.5 million CDFI Fund NCUA
[ May 11, 2021 ] New acting comptroller hints at upcoming review of ‘key regulatory standards’ OCC

Senior loan officers report some tighter credit standards, weakened borrowing

February 4, 2019 0

Demand for loans to businesses weakened in the fourth quarter of 2018, as banks tightened standards for commercial real estate loans and left unchanged terms and standards on commercial and industrial (C&I) loans, a report […]

High-profile settlement winners lied to by loan-marketing firm, CFPB alleges

September 19, 2017 0

Former professional football players suffering from neurological disorders, victims of the Deepwater Horizon oil-rig disaster, 9/11 first responders and others awaiting payment from legal settlements were lied to by a New Jersey company in loan […]

House next, final stop for resolution repealing OCC’s ‘true lender’ rule

May 12, 2021 0

The House is expected to pass legislation that would repeal the controversial “true lender” rule adopted last fall by the federal regulator of national banks, joining the Senate which adopted the legislation Tuesday. In a 52-47, bipartisan vote, the Senate [...]
Cybersecurity webinar slated May 26 by NCUA, CISA

May 12, 2021 0

The federal regulator of credit unions and a federal agency charged with providing advise on cyber risks and related matters will team up May 26 for a webinar for credit unions on preventing and addressing cyberattacks, according to a release [...]
OK mortgage banker pleads guilty to defrauding two local banks, Fannie Mae

May 12, 2021 0

A former mortgage banker from Oklahoma pleaded guilty Tuesday in federal court to defrauding two local banks, mortgage giant Fannie Mae and others through an allegedly broad range of fraudulent conduct over three years, the federal insurer of bank deposits [...]
Webinar looks at eligibility among credit unions for use of $13.5 million CDFI Fund

May 12, 2021 0

The small-dollar loan program related to credit unions of the Treasury’s Community Development Financial Institution (CDFI) Fund is the subject of a webinar planned for May 27 by the CDFI and the federal credit union regulator. In a release, the [...]