While both industry and consumer groups generally support the proposed rule’s objectives, they want the CFPB to reconsider some definitions and reporting of certain discretionary data points.

While industry trade groups want fewer companies and products to fall under the scope of the proposed small-business lending data collection rule, consumer advocates mostly want the opposite.

UI researchers said regulators should either “blend” minority neighborhoods and borrowers into Community Reinvestment Act lending measures or give extra credit for lending to minority LMI communities or borrowers. Both approaches come with problems.

Attorneys expressed dismay over how a procedural disagreement tied to a request for comment morphed into a partisan brawl over who holds authority.

A district court had allowed DHI Mortgage Co. to compel arbitration on employment-related claims brought by a former employee.

The selection of survey participants will be based on the region, product line and entity type and will remain confidential, the CFPB said.

HMDA filing period opens; CFPB issues medical debt bulletin; CFPB sues debt collectors; CFPB files amicus brief in MLA lawsuit; OIG releases quarterly work plan.

The banking industry and consumer advocacy groups want regulators to ensure big tech companies operating payment-processing systems provide protections similar to those offered by the banking sector.

Dealing with the risks posed by the use of algorithms in marketing financial products and with institutions abusing their dominant market positions are some of the key priorities for the CFPB.

During a recent interagency webinar, representatives from eight federal regulators discussed fair lending issues, including initiatives to tackle redlining and how companies can self-regulate.