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Another court rules against CFPB’s 1071 rule

Another federal district court has ruled that the Consumer Financial Protection Bureau may not enforce its Section 1071 small-business rule until the Supreme Court rules on the constitutionality of...

Sep 18, 2023
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Article
Compliance

CFPB updates FAQs on 1071 rule

The Consumer Financial Protection Bureau updated its frequently asked questions on its Section 1071 small-business rule.

Sep 15, 2023
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Article
Compliance

Innovation and relationship banking define community bank value proposition: ICBA leaders

Data show that consumers and small businesses value the symbiotic relationship between innovation and relationship banking that community banks offer, ICBA community bankers wrote in a new LinkedIn...

Sep 15, 2023
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Article
Fintech Innovation

CFPB issues guidance on credit denials by lenders using AI

The Consumer Financial Protection Bureau issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models.

Sep 20, 2023
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Article
Compliance Technology