Category Small Creditor Status

CFPB Proposal Extends Small Creditor Status and Exemptions to More Institutions

Additional community banks, credit unions, and other institutions would benefit from a proposal of the Consumer Financial Protection Bureau (“CFPB”) to facilitate the offering of certain types of mortgages in rural and underserved areas, and to help small creditors adjust their business practices to comply with the new rules. As banking professionals know, the CFPB […]