Banker's Compliance Consulting Blog

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...

CFPB Cracks Down on Chatbots

The CFPB recently issued an “issue spotlight” to address concerns with the use of “chatbots”. It...

CFPB Updates HELOC Brochure

The CFPB has updated its HELOC Brochure, What You Should Know About Home Equity Lines of Credit....

What’s a Consumer Report?

The Fair Credit Reporting Act (FCRA) is concerned with a consumer’s rights in relation to their...