American Banker | Winner: Banks, Payday Lenders, Auto Lenders | News & Insights

In the News December 19, 2022

American Banker | CFPB’s QM Rule Under Scrutiny After Dust-up over Bank Statement Loans

Stephen Ornstein is quoted on what lenders need to anticipate from the scrutiny around the Consumer Financial Protection Bureau’s QM rule and bank statements.

Advisories November 30, 2022

Financial Services & Products Advisory: CFPB Signals Stricter Enforcement of “Unfair” Banking Fees

The Consumer Financial Protection Bureau has put large banks on notice that their returned item and overdraft fee practices could land them in hot water. Our Financial Services & Products Group discusses how the CFPB plans on regulating bank fees and outlines what banks can do to prepare for agency scrutiny.

In the News May 7, 2021

American Banker | Confusion over CFPB Underwriting Rule Persists

Stephen Ornstein is quoted on the conflicting deadlines for loans backed by Fannie Mae and Freddie Mac to comply with the Consumer Financial Protection Bureau’s Qualified Mortgage standard.

Advisories April 15, 2021

Financial Services & Products Advisory: Avoiding Pitfalls During Post-Pandemic Government Investigations

CSI: Confidential Supervisory Information is not a show many banks would enjoy watching, but it’s one of three areas our Financial Services & Products Group notes banks should keep in mind if they become the subject of subpoenas, document requests, examinations, or investigations by government agencies.

Advisories April 12, 2021

Financial Services & Products Advisory: Fannie Mae and Freddie Mac Sunset the QM Patch

The qualified mortgage (QM) rules have become a world of contradictions. Our Financial Services & Products Group investigates how the residential mortgage markets can thread the needle between new rulings from Fannie Mae and Freddie Mac and recent rulings from the Consumer Financial Protection Bureau.