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Tag Archives: CFPB

COMMERCIAL FINANCE 701 — The new federal banking sheriffs

On May 24, 2018, 489 days after his inauguration, President Donald Trump finally succeeded in placing appointees at the helms of the four major federal banking regulators.  The prospective immediate and longer term changes to be brought about by these new federal banking sheriffs bode well for banks, commercial lenders, and developers. BACK DROP: Barack, Elizabeth & Donald During the ...

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CFPB to lift curbs on small banks’ non-conventional mortgage lending

By TED CARTER The U.S. Consumer Financial Protection Bureau has backed off enacting new mortgage rules that would make nonstandard home loans, including balloons, legally risky for small lenders in rural and under-served areas. The action comes as a relief for credit unions and small community banks in rural and small-town markets that had worried they would lose legal protections for ...

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