News & Analysis as of

Ability-to-Repay Consumer Credit Protection

Ballard Spahr LLP

Federal banking agencies and CFPB issue interagency statement on use of alternative data in credit underwriting

Ballard Spahr LLP on

The OCC, Federal Reserve Board, FDIC, NCUA and CFPB have issued an “Interagency Statement on the Use of Alternative Data in Credit Underwriting.”...more

K&L Gates LLP

European Community Consumer Credit Protection Laws: Similarities and Differences in the United States for Non-Mortgage Credit

K&L Gates LLP on

Financial institutions that operate only in the United States (US) or only in the European Union (EU) might be excused for believing that they face unreasonable burdens under local consumer credit protection laws. Broadly...more

MoFo Reenforcement

CFPB Seeks Comments on Consumer Credit Card Market

MoFo Reenforcement on

On Tuesday, March 17, the Consumer Financial Protection Bureau (CFPB) announced a “Request for Information Regarding Credit Card Market.” It follows the 2009 CARD Act’s requirement that the CFPB conduct a review of the...more

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