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Loans Subprime Mortgages

Troutman Pepper

CRA-like Standards for Fintechs Could Reduce Access to Credit

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As reported in American Banker, consumer advocacy groups are concerned that financial inclusion expectations for fintechs chartered as special-purpose national banks may not perfectly mirror the requirements of the Community...more

Ballard Spahr LLP

Trade groups take aim at NY Times call for CFPB action on subprime auto loans

Ballard Spahr LLP on

Two leading industry trade groups have disputed a recent New York Times editorial entitled “When a Car Loan Means Bankruptcy,” which attempted to draw parallels between subprime auto loans and subprime mortgage loans. The...more

Ballard Spahr LLP

New York Department of Financial Services Issues Emergency Regulations Revising Subprime Calculation

Ballard Spahr LLP on

On September 30, 2013, the New York Department of Financial Services (DFS) adopted emergency regulations revising the calculation for subprime loans and sent a letter to supervised institutions explaining the revisions. ...more

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