Trade groups criticize funding mechanisms of Biden plans to promote affordable housing and fair lending while also saying the blueprints aren’t ambitious enough.
The payment provisions under the payday lending rule will become effective June 13, 2022. Attorneys suggest lenders with products covered under the small dollar rule begin revising policies and procedures.
Wells Fargo’s problems with the CFPB are now in the rear-view mirror, but the megabank has considerable OCC exposure. For starters, it cannot buy mortgage servicing rights.