Business lending, negative option programs, and enterprise risk management are at the forefront of the April 13 edition of Venable’s Consumer Financial Services Digest.
In this issue, we discuss CFPB Director Cordray’s recent appearance before Congress where he noted that the CFPB has started engaging in supervisory activity regarding small business lending.
We take a look at Congressional actions related to negative option (or automatic renewal) programs.
Amid the economic crisis and resulting regulatory firestorm of Dodd-Frank, we provide a self-help guide for community banks to address enterprise risk management.
We analyze the FTC’s settlement in a major prepaid card advertising case and their curiously brief announcement about it.
The House Financial Services Committee hosted a contentious hearing on the CFPB’s 2016 semi-annual reports. We have a quick recap of the 6-hour hearing covering the timing of the release of CFPB rules, consent orders, the CFPB’s leadership structure, auto lending enforcement, and more. We also include links to several related articles and presentations.
Continue reading to review the Digest. You will also find a list of upcoming industry events you may be interested in attending.