Banker's Compliance Consulting Blog

CFPB Issues Interpretive Rule on Buy Now Pay Later Loans

The CFPB has issued an Interpretive Rule that states lenders that issue digital user accounts that...

FDIC Signs “Within an Institution’s Premises”

If you haven’t had a chance to dig into the FDIC Rule changes just yet, this is your warning that...

CFPB Issues Circular on UDAAP Risks with Digital Comparison-Shopping Tools

The CFPB recently issued Consumer Financial Protection Circular 2024-01 which addresses...

CFPB Restricts Late Payment Fees Charged by Larger Credit Card Issuers

On March 5th, the CFPB issued a Final Rule to address “excessive” late fees charged by larger card...

Section 1071 Delay Extended Nationwide

Trying to keep up with the legal battles surrounding the CFPB and the Section 1071 Rule has been a...

FinCEN Alert on Hamas Financing

FinCEN released an Alert (FIN-2023-Alert006) to help financial institutions recognize and identify...

A Snapshot of the CFPB’s Small Business Lending FAQs

As we mentioned in the July edition of Banking on BCC, the CFPB released Frequently Asked Questions...

Court Order Impacts 1071 Rule

On July 31st, a U.S. District Court in Texas ordered a stay to the 1071 compliance dates for...

1071 Procedures for Applicant-Provided Data

As you begin to think through your procedures for complying with Section 1071, you will obviously...

Section 1071 Applications

Under the Section 1071 Rule, covered institutions will need to collect and report data on any...