Consumer articles

Washington Watch

The CFPB’s final mortgage lending rules By Karen Thomas In addition to sending out holiday cards and braving the malls, community bankers will have their hands full this month gearing up for new mortgage regulations scheduled to take effect on Jan. 10. The Consumer Financial Protection Bureau regulations released earlier this year will dramatically change […]

Compliance Corner

CFPB guidance on indirect auto lending By Mary Thorson Historically, indirect auto financing has offered opportunities as a low-risk form of lending, with its risk spread among a large volume of small-balance collateralized loans. Recent regulatory concerns about discriminatory lending practices, discretionary lending standards and effective third-party oversight have cast shadows over the indirect lending […]