Topic
Credit
89 published works
The Bankruptcy Soap Box
10 Reasons Why Bankruptcy May Be Your Best Investment
By Cathy Moran
There are compelling reasons to file bankruptcy and invest in a better future. Spend money to go broke? Seems counter-intuitive, but it could be the best money you spend. People…
Consumer Financial Services Law Monitor
Immigration Status in Credit Underwriting: What Recent Federal Guidance Really Means for Lenders
By Chris Willis
In this solo episode of The Consumer Finance Podcast, Chris Willis, co-leader of Troutman Pepper Locke's Consumer Financial Services Regulatory practice, walks through the recent wave of federal regulatory guidance…
Bright Law Blog
Small business responsible lending obligations exemption
The Commonwealth Budget has confirmed the Regulatory Initiatives Grid statement that the exemption of small business loans from the National Credit Act responsible lending obligations will be extended for a…
Bright Law Blog
Video update on financial services and credit regulation in the second half of 2026
https://www.brightlaw.com.au/wp-content/uploads/brightlaw-update-july-26.mp4 Here is my video update on what’s ahead in the second half of 2026 and beyond for financial services and credit regulation.Here is PDF of my timeline. If you…
Consumer Financial Services Law Monitor
CFPB Rescinds 2020 Special Purpose Credit Program Advisory Opinion Under Regulation B
By Lori Sommerfield, Chris Willis, Lane Page
On June 17, the Consumer Financial Protection Bureau (CFPB or Bureau) officially rescinded its December 2020 advisory opinion on special purpose credit programs (SPCPs) under Regulation B, which implements the…
Consumer Financial Services Law Monitor
Why the Consumer Reporting System Is So Important
By Chris Willis
In this episode of The Consumer Finance Podcast, Chris Willis talks with Dan Smith, president and CEO of the Consumer Data Industry Association, about current challenges and changes in the…
Consumer Financial Services Law Monitor
HUD Signals Narrower Fair Housing Act Enforcement Focus, Heightened Scrutiny of Special Purpose Credit Programs
By Lori Sommerfield, Chris Willis, Taylor Gess, Lane Page
On May 5, Craig Trainor, Assistant Secretary for the Office of Fair Housing and Equal Opportunity (FHEO) at the U.S. Department of Housing and Urban Development (HUD), used the American…
Consumer Finance Monitor
CFPB’s Final Rule Recalibrates Fair Lending Enforcement: A Return to Clarity and Core Statutory Principles
On April 22, 2026, the Consumer Financial Protection Bureau (CFPB), under Acting Director Russell Vought, issued a significant final rule reshaping the agency’s approach to fair lending enforcement under the…
Global Regulation Tomorrow
FCA Regulatory Priorities report 2026: Consumer Finance
By Simon Lovegrove (UK), Charlotte Carnegie
On 17 March 2026, the Financial Conduct Authority (FCA) published its Regulatory Priorities report for the consumer finance sector. FCA priorities The Regulatory Priorities report for the consumer finance sector…
Consumer Finance Monitor
CFPB wants to eliminate disparate-impact claims under ECOA
By Richard J. Andreano, Jr., John L. Culhane, Jr.
The CFPB has issued a proposed rule that would make substantial changes to Regulation B under the Equal Credit Opportunity Act (ECOA). In one of the most significant changes, the…