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CFPB issues guidance on digital mortgage platforms

The Consumer Financial Protection Bureau issued an advisory opinion to prevent digital mortgage comparison-shopping platforms from illegally referring borrowers to only lenders paying referral fees.

Feb 08, 2023
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Article
Compliance

ICBA to Fed: Consider Impact of Climate Risk Management Proposals

ICBA today said it appreciates that the Federal Reserve Board tailored its proposed climate risk management framework to institutions over $100 billion in assets, though the association expressed...

Feb 07, 2023
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Article
Climate

ICBA Urges FDIC to Exercise Statutory Duty to Deny Pending ILC Applications

ICBA today called on the Federal Deposit Insurance Corp. to deny pending deposit insurance applications from industrial loan companies, or ILCs, which present outsized risks to the Deposit...

Feb 10, 2023
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Article
Lending

New polling indicates consumer opposition to Durbin Amendment expansion

The Electronic Payments Coalition released new polling conducted by Morning Consult indicating that consumers across all income levels are benefiting from credit card rewards to help make ends meet...

Feb 09, 2023
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Article
Interchange Lending