Trade Groups Say CFPB Not Authorized to Regulate Customer Service
The Consumer Financial Protection Bureau’s initiative to improve customer service at large banks and credit unions rests on a shaky legal foundation, banking trade groups say.
OCC to Reconsider CRA Changes
The Biden administration said Tuesday it will repeal changes made by the Trump administration to a law aimed at stopping banks from discriminating against racial minorities and the poor.
New $310B for Small Biz May Already Be Used Up
The more than $300 billion set aside to replenish the emergency loan program for small businesses impacted by the coronavirus pandemic is likely already all spoken for, banking industry groups said Wednesday.
CFPB Takes Aim At Arbitration
The Consumer Financial Protection Bureau’s proposal to limit the use of arbitration clauses could sweep community financial institutions into the cottage industry of class-action lawsuits, but if you want to know how the little guys might fare in this latest round of rulemaking, you’ll
