Category: Credit

November 22, 2021

The CFPB recently released a report on Consumer Credit Disputes finding that consumers in majority Black and Hispanic neighborhoods had a disproportionally higher amount of disputes on their credit reports. The report indicates that this trend was across several credit […]

November 4, 2021

The Farm Credit Administration (FCA) last month issued a final rule governing the standards of conduct (SOC) of directors and employees of Farm Credit System institutions (System Institution). The rule excludes the Federal Agricultural Mortgage Corporation (Farmer Mac). The final […]

October 22, 2021

If you’re worried that you may not qualify for a loan, whether it’s due to either bad credit or a lack of credit history – don’t worry, you are not alone. If you have run up a few debts with […]

October 21, 2021

I started my banking career in the credit management training program of a regional bank, where I later became the head of corporate banking. Subsequently, I became a chief credit officer and, ultimately, the CEO and board chairman of a […]

October 19, 2021

Over 10 years after Congress brought competition to how in-store debit card transactions are processed, the Federal Reserve is finally seeking to clarify that the same rules apply to online debit transactions as well. The move has been strongly backed […]

October 1, 2021

In a long career focused on credit risk, I’ve never found myself saying that the industry’s biggest lending challenge is finding loans to make. But no one can ignore the lackluster and even declining demand for new loans pervading most […]

September 21, 2021

If you regularly check your credit scores you might check them from different sources at the same time and see you have different scores. You also might notice that scores fluctuate from one month to the next—or even from one […]

September 14, 2021

The Office of the Comptroller of the Currency (OCC) issued a $250 million civil penalty against Wells Fargo Bank, NA for flaws in the bank’s home loan loss mitigation program. In addition, the OCC issued a cease-and-desist consent order requiring […]

August 20, 2021

The pace of announced mergers among rated U.S. banks has accelerated and is likely to gain steam. The limited prospect of material loan growth makes asset growth via mergers and acquisitions increasingly attractive. And as we anticipated, more banks are […]

August 5, 2021

Alliant Credit Union, a digital-only credit union with a national reach, said it will stop charging customers fees when they overdraw their accounts. The Chicago-based credit union’s announcement follows a similar one made by Detroit-based lender Ally Bank in June, […]