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Fair Lending - Banking Exchange
New research from the New York Fed shows CDFI assets in excess of $450 billion
First Independence Bank has linked up with fintech Lendistry to offer alternative financing options
CFPB and OCC step in after investigation finds “double-dipping” and unauthorized accounts practices
They have increased access to financial services in rural, urban, and under-resourced communities by 11% in 12 months
Capital constraint is everyone’s problem
The U.S. Consumer Financial Protection Bureau has fined Citizens Bank for violating the Truth in Lending Act
Office of Inspector General calls for better data management, communication, and supervision after failings identified
CFPB Consent Order Highlights UDAAP Issues Around Deposit Practices
Fair and affordable access to credit can unlock new opportunities and offers the potential for consumers to build generational wealth
The pause on student loan payments that has gone on for over two years is supposed to end at the end of the month
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