The rule requires banks to collect and report data on credit applicants

The ABA and Bank Policy Institute also claim that Section 1071 data rules could negatively impact community-based lending

The CFPB should wait until the Supreme Court rules on its funding, say industry bodies

CFPB and OCC step in after investigation finds “double-dipping” and unauthorized accounts practices

The Consumer Financial Protection Bureau (CFPB) issued a special edition of its Supervisory Highlights that focuses on violations of law

ABA and ICBA criticize extra burdens on small businesses and community banks caused by final Section 1071 rule

‘Buy now, pay later’ products should be subject to the same rules as other forms of credit, says director Rohit Chopra

ABA welcomes move to resolve ‘longstanding questions’ over bureau’s funding model

As we move into a “new normal” of business processes, there is little relief when it comes to easing both real and anticipated regulatory change

The Rhode Island-based bank says legal action from the consumer regulator is “unwarranted” and ignores previous remedial work