On Tuesday, the FDIC and the Office of the Comptroller of Currency voted to modify the Volker Rule, regulation that implements part of the 2010 Dodd-Frank Act.

Robert G. Cameron, a former executive of the Pennsylvania Higher Education Assistance Agency, has been named as the CFPB’s private education loan ombudsman, a role that was vacant for almost a year.

Last week, in one of the first true legal tests of the CFPB's ability-to-repay rule, an Ohio man who claimed his local bank had been negligent in verifying his income lost his case.

On Tuesday, August 13th, SFA, jointly with BPI, filed a motion in the US District Court in the Western District of New York for leave to file an amicus brief in the matter of Peterson v. Chase Card Funding.

The Volcker Rule is set to be revamped by a group of five agencies led by the Federal Reserve.

Last week, the Treasury Department said that it is considering floating rate notes linked to the Fed-created secured overnight financing rate (SOFR).

A movement to convince Freddie Mac and Fannie Mae to use newer credit scoring models was emboldened by a new study from the Consumer Financial Protection Bureau (CFPB).

The QM patch exempts GSE-backed loans from components of the CFPB’s ability-to-repay rule.

In response to the release of the ANPR, SFA CEO Michael Bright issued a statement of support thanking the CFPB for giving this important topic focus and attention.

Citing slow global growth and ongoing trade tensions, policy makers are open to further cuts.