Consumer Bankers Association

Bank Of America Can Now Accept Small Business Relief Applications

Bank Of America Can Now Accept Small Business Relief Applications
Bank Of America Can Now Accept Small Business Relief Applications
April 03, 2020  |  Economy

Bank of America has reportedly become the first large bank to be able to take digital applications for the $350 billion small business loan program...

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CFPB Pushes Pause On Payday Rule
CFPB Pushes Pause On Payday Rule
June 07, 2019  |  Legal & Regulation

The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. 19, 2019 compliance date for the mandatory underwriting provisions for its short-term, small-dollar (payday)...

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OCC Puts Small-Dollar Loans Back In The Spotlight
OCC Puts Small-Dollar Loans Back In The Spotlight
May 24, 2018  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The...

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House Approves Bills To Prevent Financial Abuse Of Seniors
House Approves Bills To Prevent Financial Abuse Of Seniors
January 31, 2018  |  Cybersecurity

A duo of bills passed in the U.S. House of Representatives on Monday (Jan. 29) that would curb financial abuse of senior citizens and also...

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Bankers To CFPB: Help Us Help Families In Need
Bankers To CFPB: Help Us Help Families In Need
September 28, 2017  |  Bank Regulation

By now, the sobering statistics are familiar: Nearly half of American adults say they could not cover an unexpected expense of $400, according to the...

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