Loran Kilson

Sep 27, 2024 | jdsupra.com | Richard Andreano Jr. |Alan Kaplinsky |Loran Kilson

On August 26, 2024, Chief Judge Randy Crane in the S.D. Texas granted summary judgment to the CFPB, denied summary judgment to the trade groups and upheld the CFPB’s 1071 Rule (small business loan data collection rule). On August 2, 2024, the Farm Credit Intervenors (three organizations who long ago intervened as plaintiffs in order to take advantage of a preliminary injunction against the CFPB granted to the original plaintiffs based on the Fifth Circuit’s opinion in CFSA v.

Sep 27, 2024 | jdsupra.com | Richard Andreano Jr. |Loran Kilson |Kaley Schafer

The CFPB recently announced that the Filing Instruction Guide (FIG) for the submission of Home Mortgage Disclosure Act (HMDA) data collected in 2025 is now available. The FIG, issued by the Federal Financial Institutions Examination Council, may be accessed here. HMDA data for 2025 must be submitted on or before March 2, 2026. The data usually is required to be filed by March 1. However, March 1, 2026 is a Sunday, so the data must be filed by Monday, March 2, 2026.

Sep 26, 2024 | jdsupra.com | Richard Andreano Jr. |Alan Kaplinsky |Loran Kilson

Judge Randy Crane (E.D. Tex) ruled on August 26, 2024 that the CFPB did not exceed its authority under Dodd Frank when it issued its final Section 1071 small business lending rule. The court also rejected other Administrative Procedure Act (APA) challenges to the rule.

Sep 17, 2024 | jdsupra.com | Richard Andreano Jr. |Alan Kaplinsky |Loran Kilson

On August 26, 2024, Chief Judge Randy Crane in the E.D. Texas granted summary judgment to the CFPB, denied summary judgment to the trade groups and upheld the CFPB’s 1071 Rule (small business loan data collection rule). On August 2, 2024, the Farm Credit Intervenors (three organizations who long ago intervened as plaintiffs in order to take advantage of a preliminary injunction against the CFPB granted to the original plaintiffs based on the Fifth Circuit’s opinion in CFSA v.

Sep 16, 2024 | creditandcollectionnews.com | Alan Kaplinsky |Richard J. Andreano |Loran Kilson |Kaley Schafer

On August 26, 2024, Chief Judge Randy Crane in the E.D. Texas granted summary judgment to the CFPB, denied summary judgment to the trade groups and upheld the CFPB’s 1071 Rule (small business loan data collection rule). On August 2, 2024, the Farm Credit Intervenors (three organizations who long ago intervened as plaintiffs in order to take advantage of a preliminary injunction against the CFPB granted to the original plaintiffs based on the Fifth Circuit’s opinion in CFSA v.