With
Melanie Brody,
Kristie D. Kully,
Stephen Lilley
The Consumer Financial Protection Bureau ("CFPB") announced a Request for Information ("RFI") about alternative data on February 16, 2017, seeking insights into the benefits and risks of using unconventional financial data in assessing a consumer's creditworthiness.
With
Laurence E. Platt
To learn more, applicable agencies are instructed to call OMB.
With
Laurence E. Platt
Following his campaign promise to dismantle the Dodd–Frank Wall Street Reform and Consumer Protection Act, Donald Trump issued an Executive Order on February 3, 2017 that set out "Core Principles" for regulating the financial system.
With
Laurence E. Platt
Financial services companies that hoped for immediate regulatory relief when the Trump Administration assumed control may have to wait a bit longer, because the newly announced freeze on federal...
With
Debra Bogo-Ernst,
Christopher Ferro,
Kristie D. Kully
New regulations under the federal Military Lending Act that become effective next week will prohibit consumer loans to covered US Service members if those loans have a "military annual percentage rate" greater than 36 percent.
