Topic
Credit
89 published works
Global Regulation Tomorrow
FCA speech ‘A credit market that delivers for consumers’
On 27 April 2023, the FCA published a speech by Roma Pearson (Director of Consumer Finance, FCA) entitled A credit market that delivers for consumers. Key points in the speech…
Consumer Finance Monitor
New study finds Military Lending Act expansion had limited impact for military credit card customers
By Brian Turetsky, Barbara S. Mishkin
A new report from the Urban Institute examining the 2015 expansion of the Military Lending Act (“MLA”) concludes that it did not lead to better credit and debt outcomes for…
Consumer Finance Monitor
FTC issues annual ECOA report to CFPB
The FTC recently sent its annual letter to the CFPB reporting on the FTC’s activities related to the Equal Credit Opportunity Act (ECOA) and Regulation B. The new letter reports…
Credit Chronometer
How Companies Can Manage the Risks in Handling Alternative Credit Data
In a recent Reuters article, Joseph Cioffi and Nicole Serratore discuss the legal risks and share practical tips to safely get the most out of alternative data and AI when…
Credit Chronometer
Auto Remarketing | Identifying Risk Sources with Joseph Cioffi of Credit Chronometer
Joseph Cioffi was interviewed for an Auto Remarketing podcast episode, "Identifying Risk Sources with Joseph Cioffi of Credit Chronometer."
Jen Lee Bankruptcy Law Blog
The Business Power Hour with Deb Krier
By Jen Lee
Jen Lee is a debt and credit attorney and owner of Jen Lee Law, Inc., a law firm with offices in San Francisco, San Ramon, and Tracy, California. She is…
Credit Chronometer
The State of Subprime Auto Post-Pandemic
Like a car on a bridge buffeted by strong winds, subprime auto lending will be challenged on several fronts as it approaches the other side of the pandemic. Turns out,…
Consumer Finance Monitor
CFPB issues advisory opinion affirming ECOA’s application to existing borrowers
By John L. Culhane, Jr., Michael Gordon, Ballard CFS Group
The CFPB has issued a new advisory opinion “to affirm that the Equal Credit Opportunity Act (ECOA) and Regulation B protect those actively seeking credit and those who sought and…
Bright Law Blog
Case note: directors’ liability for company’s credit breaches
In Australian Securities and Investments Commission v Rent 2 Own Cars Australia Pty Ltd (No 2) [2022] FCA 491 the Federal Court of Australia ordered the 2 former directors of Rent…
Consumer Finance Monitor
GAO report on household access to banking services finds limited availability of small-dollar loans from banks and credit unions
In opposing efforts by federal and state lawmakers to impose rate caps on small-dollar loans, industry representatives have pointed out the harm that a rate cap can create for consumers,…