News & Analysis as of

Credit Unions Ability-to-Repay

Nutter McClennen & Fish LLP

Nutter Bank Report, February 2019

1. FDIC Proposes Changes to Deposit Insurance Assessment Rule for CBLR Banks The FDIC has published a proposal that describes how the agency would apply the Community Bank Leverage Ratio (“CBLR”) framework previously...more

Ballard Spahr LLP

Community bank and credit union trade groups raise concerns about CFPB’s payday lending proposal

Ballard Spahr LLP on

The Independent Community Bankers of America and the Credit Union National Association have sent a letter to Director Cordray “to express serious concerns” about the CFPB’s proposed rule covering single-payment payday and...more

Ballard Spahr LLP

Director Cordray reveals no change in CFPB’s approach to payday loans

Ballard Spahr LLP on

In remarks earlier this week to the National Credit Union Association, Director Cordray discussed the proposals the CFPB is considering for small dollar loans. In March 2015, in anticipation of convening a SBREFA panel, the...more

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