Topic
Lending
191 published works
Banking, Finance and Securities
FCA Dear CEO letter – HCSTC loans
By Simon Lovegrove (UK), Joe Bamford (UK)
On 15 October 2018, the FCA published a Dear CEO letter regarding an increase in complaints about unaffordable lending and setting out how the regulator expects high-cost short-term credit (HCSTC)…
Consumer FinSights
Senate Votes to Strike Down Key CFPB Bulletin on Lending Discrimination in the Indirect Auto Market
On Wednesday, the U.S. Senate voted almost entirely along party lines to invalidate, under the Congressional Review Act, the Consumer Financial Protection Bureau’s (CFPB) (in)famous 2013 Bulletin on lending discrimination…
Consumer FinSights
Vehicle Finance Litigation Updates
Case Developments January 23, 2018 – February 20, 2018 In this edition of our Vehicle Finance Litigation report, we summarize (i) a decision from the Northern District of California striking…
Subject to Inquiry
Senate Votes to Strike Down Key CFPB Bulletin on Lending Discrimination in the Indirect Auto Market
By Rosemary Becchi, Government Investigations Group
On Wednesday, the U.S. Senate voted almost entirely along party lines to invalidate, under the Congressional Review Act, the Consumer Financial Protection Bureau’s (CFPB) (in)famous 2013 Bulletin on lending discrimination…
Credit Chronometer
On the Dark Side of Automation: Borrowers Will be Affected but Marketplace Lending is a Potential Bright Spot
As lenders lean on data, algorithms and automation for more efficient loan underwriting, observers have noted that these largely untested tools have yet to go through an economic cycle. The…
Supreme Court Update
Bank of America v. City of Miami (15-111) and Venezuela v. Helmerich & Pan Int’l Drilling (15-423)
The Nine (well, eight of them, with Gorsuch still taking no part in decisions argued before his appointment) were back in action yesterday, issuing three new opinions touching on the…
Subject to Inquiry
CFPB Announces that ECOA Protects LGBT Persons From Discrimination in Lending
By Government Investigations Group
This summer, the Consumer Financial Protection Bureau (CFPB) was asked by an LGBT advocacy group whether the provision of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. § 1691 et…
Credit Chronometer
Madden Uncertainty to Continue
Joseph Cioffi was quoted in a Structured Credit Investor article, “Madden Uncertainty to Continue.” Click here to view the full article.
Credit Chronometer
Structured Credit Investor, “Madden Uncertainty to Continue”
Joseph Cioffi offers the following quote to Structured Credit Investor, concerning the Madden v. Midland Funding case, “Not only are marketplace lenders at risk, but so will be the sponsors…
Credit Chronometer
U.S. Supreme Court Leaves Marketplace Lenders Exposed to Further Claims Related to Loans They Issue and Securitize
Joseph Cioffi co-authored a Davis & Gilbert Insolvency Alert titled “U.S. Supreme Court Leaves Marketplace Lenders Exposed to Further Claims Related to Loans They Issue and Securitize.” Click here to…