Spurred in part by the pandemic, regulators and legislators have been increasingly focused on the accessibility and transparency of loans to small-to-medium businesses. On the federal level, the CFPB is considering a rule...more
5/9/2022
/ Biden Administration ,
Commercial Loans ,
Disclosure Requirements ,
Finance Lender ,
NMLS ,
Proposed Rules ,
Registration Requirement ,
Reporting Requirements ,
Small Business ,
State and Local Government ,
Transaction Fees
In January of this year, the Board of Governors of the Federal Reserve System issued a research and analysis paper titled Money and Payments: The US Dollar in the Age of Digital Transformation, in which the Fed...more
On September 1, 2021, the CFPB issued a proposed rule that would add a new subpart to Regulation B, which implements the federal Equal Credit Opportunity Act (ECOA). The rule would implement Section 1071 of the Dodd-Frank Act...more
10/22/2021
/ Annual Reports ,
Biden Administration ,
Commercial Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Covered Entities ,
Data Collection ,
Dodd-Frank ,
ECOA ,
Financial Institutions ,
Financial Services Industry ,
Loan Applications ,
Minority-Owned Businesses ,
Proposed Rules ,
Small Business ,
Women-Owned Businesses
In September, Biden nominated Saule Omarova to head up the OCC as Comptroller of the Currency after a months’ long candidate search. Earlier this year, potential nominees for the Comptroller included Michael Barr, who...more