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Interest Rate Caps Harm Financial Inclusion; Bank Partnerships Spread Inclusion Around
The House Financial Services Committee held a hearing last week on small-dollar lending and proposed legislation that would limit the interest rates on such loans.
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CFPB Takes a Step to End Regulation by Enforcement
After almost a decade of ambiguity, the Consumer Financial Protection Bureau has finally offered some clarity to its definition of what constitutes an “abusive” practice…
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Divisions Between Bank Regulators Over Fair-Lending Revamp Highlight the Need for Outright Repeal
Despite hesitation from the Federal Reserve, the Office of the Comptroller of the Currency (OCC) has made clear that they plan to push forward with…
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Despite Naysayers, Consumer Finance Panelists are Uniquely Qualified to Tackle Barriers to Financial Inclusion
Last week, the Consumer Financial Protection announced the membership of the newly created Taskforce on Federal Consumer Financial Law, which will work to “harmonize and…
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Don’t Just “Modernize” Community Reinvestment Act, Repeal It
On Thursday, financial regulators released a long-awaited reform proposal which would make substantial changes to the implementation and enforcement of the Community Reinvestment Act (CRA).
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Consumer Financial Protection Bureau Should End Frivolous Student Loan Lawsuit
The efforts of Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger have gone a long way in reversing egregious Obama-era actions that plagued the agency,…