CRA

US Fed Says Better Law Can Help Underserved Credit Areas
US Fed Says Better Law Can Help Underserved Credit Areas
March 12, 2019  |  Loans

Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act...

READ MORE >
Data Dive: The Reworked, Reversed, Reconsidered Edition
Data Dive: The Reworked, Reversed, Reconsidered Edition
January 15, 2018  |  Data Dive

Louis Brandeis, arguably the most quotable judge in the history of the United States Supreme Court, had his doubts about spontaneous acts of brilliance. “There...

READ MORE >
Trump Administration Eyes Major CRA Overhaul
Trump Administration Eyes Major CRA Overhaul
January 11, 2018  |  Regulation

The Trump administration is proposing major changes to the Community Reinvestment Act — a law first enacted in 1977 — that experts believe could mean big...

READ MORE >
The Wild Ride In Alternative Financing In 2017
The Wild Ride In Alternative Financing In 2017
December 26, 2017  |  Alternative Finances

A decade ago, the world of financial services saw what was perhaps its greatest sea change in a generation — in 2007, two separate, unconnected...

READ MORE >
Payday Lending Rules Seem Likely To Escape The CRA
Payday Lending Rules Seem Likely To Escape The CRA
October 31, 2017  |  CFPB

Last week, at the end of an otherwise dramatic day on Capitol Hill, the Senate managed to pull off something of a twist ending: the repeal of...

READ MORE >
Senate Votes To Strike Down CFPB Arbitration Rule
Senate Votes To Strike Down CFPB Arbitration Rule
October 24, 2017  |  CFPB

The arbitration clause rule has been formally smacked down by the U.S. Senate — after the 50-50 tie vote was broken by VP Mike Pence....

READ MORE >
What Prepaid Card Rules Did On Their Summer Vacation
What Prepaid Card Rules Did On Their Summer Vacation
August 22, 2017  |  Prepaid

Prepaid cards have had a full year on the regulatory front, and the year isn’t over yet. Last week, the Credit Union National Association (CUNA)...

READ MORE >
New Prepaid Card Rules Survived The CRA (Payday Lending Regs Might Not)
New Prepaid Card Rules Survived The CRA (Payday Lending Regs Might Not)
May 16, 2017  |  CFPB

The Consumer Financial Protection Bureau’s (CFPB) rulemaking authority survived its first big challenge from the now Republican-dominated houses of Congress when an effort to use...

READ MORE >