In August 2021, the FDIC published Conducting Due Diligence on Financial Technology Companies: A Guide for Community Banks with the intent of assisting financial institutions through the process of conducting ...
On July 28, 2021, a bill was reintroduced in the Senate titled the "Veterans and Consumers Fair Credit Act." The bill will add a 36% interest rate cap on all ...
August 11, 2021, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae will begin considering rental payment history during its underwriting process. The goal of this expansion is to ...
The Federal Credit Union Act generally places a cap of 15% interest on consumer loans. The Act provides some flexibility allowing establishment of a higher rate under certain circumstances. The ...
On August 8, 2021, the Consumer Financial Protection Bureau issued an interpretive rule aimed at helping the mortgage industry determine how to handle the June 19, 2021 holiday. On June ...