News

It is codified under the Civil Rights Act of 1964 and also recognized in other contexts, including fair lending. As indicated in the Consumer Financial Protection Bureau’s (CFPB) Official ...
The purpose behind Rule 1071 is to facilitate the enforcement of fair lending laws by the CFPB and other agencies, and to identify community development needs. To meet this goal, covered financial ...
Smallholder farmers make up a large share of India’s agriculture workforce of over 40 per cent, but they face challenges in getting the right credit at the right time, in spite of their prominence.
Collection practices should be fair and not involve threats or intimidation,” he emphasized. Gatchalian also urged the Securities and Exchange Commission (SEC) to implement stricter registration ...
In June 2020, the RBI’s circular on Loans Sourced by Banks and NBFCs over Digital Lending Platforms laid down fair-practice and outsourcing norms, flagging concerns about mis-selling and third ...
harm to fair lending practices, threats to privacy, conflicts of interest and false information. GAO also found that AI could contribute to bias in lending and other credit decisions. “ ...
Every lender type rose year-over-year, led by banks and life insurance companies. Notably, lending to office surged both QoQ and YoY. The Mortgage Bankers Association recently published their 1Q25 ...
"We are focusing on post-decision audits," he said. "We are also looking into fair lending analysis in a regular way and stress testing our models under different economic conditions. We would not ...
Solana decentralized finance (DeFi) protocol Loopscale temporarily halted its lending markets after suffering an approximately $5.8 million exploit. Loopscale has since “re-enabled loan ...
The study recommends legislators increase access to fair and affordable housing through ... protection laws in order to maintain fair lending. The study emphasized that though the seven areas ...
MANILA, Philippines — Filipinos allocated more of their time using digital lending applications in 2024 as personal loans become more accessible. A recent analysis conducted by consumer finance ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation ...