CFPB seeks feedback on preventing discrimination
The CFPB Tuesday issued a request for information (RFI) related to the Equal Credit Opportunity Act (ECOA) and Regulation B to ensure a regulatory environment that expands access to credit ...
The latest from John Pettit
Facility Solutions: Is it wise to invest during economic uncertainty?
It is safe to say that for most of us, the COVID-19 global pandemic is unprecedented and was unexpected. However, while the pandemic itself may have been a new and ...
How COVID- 19 has impacted mental health spending
There’s no way around it—2020 has been a stressful year. Between increased health anxieties over the global coronavirus pandemic, adjusting to shelter-in-place orders, transitioning to work-from-home and learning ...
Economist on effects of coronavirus: Comes like a freight train, but expect it to go away quickly
The traditional definition of a recession is two consecutive quarters of negative GDP growth but the worldwide shock of the Coronavirus has forced that model to stand on its head. ...
SBA Inspector General roasts agency for poor oversight of Economic Injury Disaster Loan program
In a blistering report, the Small Business Administration’s Inspector General said Tuesday that the agency’s COVID-19 Economic Injury Disaster Loan program is an open door for fraudsters seeking ...
Top 5 tips for collections businesses
Many small to mid-sized businesses find payments to be their most significant challenge. Odd, we know, but all too common. You’d think companies would want to develop the simplest ...
How lenders can weather the storm with better risk strategies and tools
Spring and summer storms are a staple of Midwest living. Yet every time the storm alert sounds, the hairs on the back of my neck stand up. In my sophomore ...
Property taxes and good faith
NAFCU’s first Virtual Regulatory Compliance School runs from July 28th through August 6th, so for today’s blog we will look at one of the topics covered at school: ...