In case you haven’t heard (you have), the Consumer Financial Protection Bureau has a new Acting Director, and a new emphasis on enforcement based on “quantitative analysis” of consumer harm rather than regulatory “envelope pushing.” With Mick Mulvaney in charge, the Bureau has dropped a number of investigations and pending lawsuits against lenders, and its […]
About Brian Larson
Posts by Brian Larson:
Last week, I had the pleasure of attending the American Financial Services Association’s 2017 Annual Meeting. As I wrote on this blog before the meeting, this year’s theme seemed to be uncertainty. Several questions have been swirling around in lenders’ minds over the past year, and while I didn’t expect definite answers, I looked forward […]
It feels like just yesterday that I was writing about heading to New Orleans for an American Financial Services Association conference, and here we are again, just days away from the 2017 AFSA Annual Meeting.
You already know what happens when you assume. (Or at least I’m assuming you do—so what does that make me?) In terms of fair lending compliance, however, there’s a much greater price to assumption: a Consumer Financial Protection Bureau enforcement action.
Right now probably isn’t the best time to start a small-dollar lending business. On levels both state and federal, financial regulators are setting their sights on operations that offer consumers payday loans and other kinds of of short-term credit with high annual percentage rates.
Earlier this month, the United States House of Representatives passed H.R. 10, otherwise known as the Financial CHOICE Act. Introduced by House Financial Services Committee Chairman Rep. Jeb Hensarling (R-Texas), the legislation aims to bring about sweeping changes to the Dodd–Frank Wall Street Reform and Consumer Protection Act and the Consumer Financial Protection Bureau.
What happens in Vegas stays in Vegas. Except if it’s a conference recap. I’m back from the 2017 American Financial Services Association Independents Exposition, and feeling inspired by the insights delivered by the expo’s speakers, as well as by the people and organizations I met along the way. Thanks to those who worked on stage […]
Trump, the CFPB, and Demonstrating Compliance to Your Bank—What We’re Looking Forward to at the AFSA Independents Exposition 2017
“Embrace change.” Besides being generally good life advice, that mantra also encapsulates the theme of the American Financial Services Association Independents Exposition 2017.
Greetings to everyone we met at this year’s American Financial Services Association conference! We had a blast at the 21st Annual AFSA Vehicle Finance Conference and Expo, hanging out in New Orleans (shoutout to Pat O’Brien’s and Lafitte’s Blacksmith Shop Bar—the oldest bar in the US) and participating in numerous worthwhile conversations with auto lenders […]