Articles

CFPB & CFSAA Ask Court to Pause Payday Lending Rule

Posted June 5, 2018

The Consumer Financial Protection Bureau and The Community Financial Services Association of America have asked the U.S. District Court for the Western District of Texas to pause the litigation aiming to overturn the bureau’s rules for the industry.

U Turn: OCC Encouraging Banks to Enter Small-Dollar Loans Business

Posted May 23, 2018

On May 23, 2018, the Office of the Comptroller of the Currency (OCC) encouraged banks to offer responsible short-term, small-dollar installment loans, typically two to 12 months in duration with equal amortizing payments, to help meet the credit needs of consumers.

NACHA Government Relations Update - May 24, 2018

Posted May 22, 2018

NACHA's Government Relations update provides insight on policy matters at the federal and state level that could impact the ACH Network. In this edition: Houses Passes Landmark Legislation to Roll Back Dodd-Frank Provisions; U Turn: OCC Encouraging Banks to Enter Small-Dollar Loans Business and more.