CSBS reinforces continuing education requirements for loan officers
CSBS emphasized the importance of identity verification when taking online courses and that failure to do so was a serious violation.
District of Columbia releases complaint against earned wage access company
The AG’s complaint asserted that the company’s product constituted a loan with interest rates exceeding the District’s 24 percent usury cap.
CFPB finalizes rule on defining larger market fintech participants
The rule establishes the criteria for qualifying nonbanks as larger participants and subjects these companies to CFPB supervision.
CFPB publishes a report on consumer financial sentiment
The report placed overall financial health around where it was in 2019, and slightly worse by some measures, after a sharp improvement in financial health that began in 2020.
Minnesota Adds Student Lender Registration to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.