A “no action letter” (NAL) giving Bank of America supervisory cover for its planned approach to small-dollar lending was granted Thursday, according to a release by the consumer financial protection agency. The Consumer Financial Protection […]
A set of 34 frequently asked questions (with answers) regarding its payday lending rule – addressing covered loans, payment transfers, and payment notices – has been published by the Consumer Financial Protection Bureau (CFPB), the […]
Two templates that providers can use to seek “no action letters” (NALs) for use of a specific online mortgage loss mitigation application platform and for their small-dollar credit products were released Friday by the Consumer […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info