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Fair Lending - Banking Exchange
Very few organizations have been successful in growing their relationships with this audience
Banks issue cautious welcome but warn of increased costs for some organizations
Interest rates for credit card holders have climbed to a record high of more than 20%
The office of the Inspector General of the Federal Reserve has published its review of the collapse and made recommendations
New research from the New York Fed shows CDFI assets in excess of $450 billion
First Independence Bank has linked up with fintech Lendistry to offer alternative financing options
CFPB and OCC step in after investigation finds “double-dipping” and unauthorized accounts practices
They have increased access to financial services in rural, urban, and under-resourced communities by 11% in 12 months
Capital constraint is everyone’s problem
The U.S. Consumer Financial Protection Bureau has fined Citizens Bank for violating the Truth in Lending Act
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