ECOA

nCino’s Cloud Banking Platform Streamlines Dodd-Frank 1071 Compliance Support for Financial Institutions

Retrieved on: 
Wednesday, September 6, 2023
NCino, Wing, CFPB, Equal Credit Opportunity Act, Partnership, ECOA, Workflow, Treasury, Consumer Financial Protection Bureau, Consumer, Small business, Emprise Bank, Bank

The updates allow for relevant data to be captured as a part of the loan origination workflow across a financial institution’s portfolio and subsequently exported for Dodd-Frank 1071 compliance.

Key Points: 
  • The updates allow for relevant data to be captured as a part of the loan origination workflow across a financial institution’s portfolio and subsequently exported for Dodd-Frank 1071 compliance.
  • nCino’s Small Business Banking Solution adapts to an ever-changing regulatory landscape, allowing institutions to expand their portfolio, capture relevant demographic data, and stay ahead of regulation deadlines.
  • As additional regulatory milestones approach or evolve, nCino will continue to release updates and enhancements affording financial institutions time to fine-tune processes and help ensure compliance.
  • “As Dodd-Frank 1071 takes effect, lenders are raising questions about how to mitigate compliance risks in the fair lending space.

BURN Launches New Electric Cooking Product Suite Across Africa

Retrieved on: 
Wednesday, September 6, 2023
Carbon, Gold Standard (carbon offset standard), Nordic Investment Bank, Partnership, Headache, ECOA, Tree, Electricity, Quality of life, Meal, Wood, Nose, Development, Gold standard, Charcoal, Cooking, IOT, Foreign, Commonwealth and Development Office, Smoke, Innovation, CO2, Health, USAID, Innovate UK, Renewable energy, Kerosene

NAIROBI, Kenya, Sept. 6, 2023 /PRNewswire/ -- Today, Africa's leading clean cooking company and carbon project developer, BURN has unveiled its next-generation, tech-enabled electric cooking (e-cooking) product suite.

Key Points: 
  • NAIROBI, Kenya, Sept. 6, 2023 /PRNewswire/ -- Today, Africa's leading clean cooking company and carbon project developer, BURN has unveiled its next-generation, tech-enabled electric cooking (e-cooking) product suite.
  • These new products will revolutionize cooking across Africa by offering families a more cost-effective and sustainable cooking solution.
  • While we know improved cookstoves still have a critical role to play for rural families, the future of clean cooking in Africa is electric," said Peter Scott, Founder and CEO of BURN.
  • Africa is uniquely positioned to benefit from affordable electric cooking solutions due to its growing commitment to clean energy.

BURN Launches New Electric Cooking Product Suite Across Africa

Retrieved on: 
Wednesday, September 6, 2023
Carbon, Gold Standard (carbon offset standard), Nordic Investment Bank, Partnership, Headache, ECOA, Tree, Electricity, Quality of life, Meal, Wood, Nose, Development, Gold standard, Charcoal, Cooking, IOT, Foreign, Commonwealth and Development Office, Smoke, Innovation, CO2, Health, USAID, Innovate UK, Renewable energy, Kerosene

NAIROBI, Kenya, Sept. 6, 2023 /PRNewswire/ -- Today, Africa's leading clean cooking company and carbon project developer, BURN has unveiled its next-generation, tech-enabled electric cooking (e-cooking) product suite.

Key Points: 
  • NAIROBI, Kenya, Sept. 6, 2023 /PRNewswire/ -- Today, Africa's leading clean cooking company and carbon project developer, BURN has unveiled its next-generation, tech-enabled electric cooking (e-cooking) product suite.
  • These new products will revolutionize cooking across Africa by offering families a more cost-effective and sustainable cooking solution.
  • While we know improved cookstoves still have a critical role to play for rural families, the future of clean cooking in Africa is electric," said Peter Scott, Founder and CEO of BURN.
  • Africa is uniquely positioned to benefit from affordable electric cooking solutions due to its growing commitment to clean energy.

Global eClinical Solutions Market Report 2023: Increased Government Grants to Support Clinical Trials Drives Growth

Retrieved on: 
Wednesday, June 28, 2023
Pharma, ECOA, Randomization, Clinical data management system, Clinical trial management system, Electronic trial master file, Electronic data capture, CTMS, CDMS, EDC, Speciality chemicals, Medical imaging, Pharmaceutical industry

Global eClinical Solutions Market, by Pharma and Biopharma Companies, by Region, 2019-2032 (USD Billion)

Key Points: 
  • Global eClinical Solutions Market, by Pharma and Biopharma Companies, by Region, 2019-2032 (USD Billion)
    8.2.1.
  • Global eClinical Solutions Market, by Electronic Clinical Outcome Assessment (ECOA), by Region, 2019-2032 (USD Billion)
    8.4.1.
  • Global eClinical Solutions Market, by Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), by Region, 2019-2032 (USD Billion)
    8.6.1.
  • Global eClinical Solutions Market, by Clinical Trial Management Systems (CTMS), by Region, 2019-2032 (USD Billion)
    8.9.1.

FTC Files Amicus Brief in CFPB Action Opposing Efforts to Weaken Equal Credit Opportunity Act

Retrieved on: 
Thursday, June 22, 2023
CFPB, Equal Credit Opportunity Act, ECOA, Commission, List, Blog, Black, Federal Trade Commission, United States Court of Appeals for the Seventh Circuit, FTC, Curia Julia, News, Regulation, Social media

The Federal Trade Commission filed a friend-of-the-court (amicus) brief in the U.S. Court of Appeals for the Seventh Circuit challenging a district court ruling that invalidated a key anti-discrimination rule in the Equal Credit Opportunity Act (ECOA).

Key Points: 
  • The Federal Trade Commission filed a friend-of-the-court (amicus) brief in the U.S. Court of Appeals for the Seventh Circuit challenging a district court ruling that invalidated a key anti-discrimination rule in the Equal Credit Opportunity Act (ECOA).
  • The CFPB alleged that the defendants took steps to discourage Black consumers from applying for loans, violating Regulation B’s anti-discouragement rule.
  • The brief notes that the FTC receives thousands of complaints from consumers each year related to discriminatory lending practices.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

FTC Files Amicus Brief in CFPB Action Opposing Efforts to Weaken Equal Credit Opportunity Act

Retrieved on: 
Thursday, June 22, 2023
CFPB, Equal Credit Opportunity Act, ECOA, Commission, List, Blog, Black, Federal Trade Commission, United States Court of Appeals for the Seventh Circuit, FTC, Curia Julia, News, Regulation, Social media

The Federal Trade Commission filed a friend-of-the-court (amicus) brief in the U.S. Court of Appeals for the Seventh Circuit challenging a district court ruling that invalidated a key anti-discrimination rule in the Equal Credit Opportunity Act (ECOA).

Key Points: 
  • The Federal Trade Commission filed a friend-of-the-court (amicus) brief in the U.S. Court of Appeals for the Seventh Circuit challenging a district court ruling that invalidated a key anti-discrimination rule in the Equal Credit Opportunity Act (ECOA).
  • The CFPB alleged that the defendants took steps to discourage Black consumers from applying for loans, violating Regulation B’s anti-discouragement rule.
  • The brief notes that the FTC receives thousands of complaints from consumers each year related to discriminatory lending practices.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

U.S. Bank expands lending opportunities for women-, minority-, and veteran-owned businesses

Retrieved on: 
Friday, April 28, 2023
Professional Services, DEI (Diversity, Equity and Inclusion), Defense, Small Business, Finance, Banking, Veterans, Small business, Equal Credit Opportunity Act, United States census, ECOA, MUFG Union Bank, Business, Woman, Acquisition, Dream, Bank, SPCP, Union Bank, U.S. Bancorp

Through the Business Diversity Lending Program, U.S. Bank will provide credit and financing to help women-, minority-, and veteran-owned businesses grow and thrive.

Key Points: 
  • Through the Business Diversity Lending Program, U.S. Bank will provide credit and financing to help women-, minority-, and veteran-owned businesses grow and thrive.
  • The U.S. Bank Business Diversity Lending Program is a type of special purpose credit program, or SPCP, permitted by the Equal Credit Opportunity Act (ECOA).
  • U.S. Bank is launching the Business Diversity Lending Program following last year’s acquisition of MUFG Union Bank.
  • Union Bank was a pioneer in implementing an SPCP for small business, launching their Business Diversity Lending Program around 30 years ago.

Wolters Kluwer Compliance Solutions shares banking rules expertise, noting significant challenges ahead

Retrieved on: 
Tuesday, February 21, 2023
Finance, Consulting, Banking, Public Policy, Government, Business, Professional Services, White House, Federal Government, Other Policy Issues, Equal Credit Opportunity Act, ECOA, Senior advisor, Congress, Consumer Financial Protection Bureau, Game Industry Report Magazine, Burniston, CFPB, Community Reinvestment Act, Legislation, CRA, Dodd–Frank Wall Street Reform and Consumer Protection Act, Consumer, Senate, Small business, Bureau, House, Community, Data collection, Bank, Financial adviser

The CRA regulations have since undergone a range of proposed changes by federal regulators to better reflect major technological and operational changes in banking in recent years.

Key Points: 
  • The CRA regulations have since undergone a range of proposed changes by federal regulators to better reflect major technological and operational changes in banking in recent years.
  • “I think we’re going to continue to see a reinvigoration of the CFPB,” Burniston said.
  • “We could see modernized CRA regulations be released in close proximity to the Section 1071 regulations,” he said.
  • “That would present a difficult challenge for the industry to manage the implementation of both of those, which are synced together.

Winnow Expands Coverage to Include Federal Statutes and Regulations

Retrieved on: 
Tuesday, February 14, 2023
RESPA, TILA, NY SAFE Act, ECOA, SAFE Act, Founding, FDCPA, Health insurance, Winnowing

ANAHEIM HILLS, Calif., Feb. 14, 2023 /PRNewswire/ -- Winnow Solutions, LLC, a leading automated compliance change management provider, announced today that it expanded coverage to include federal statutes and regulations. This builds on the company's comprehensive coverage of state laws and will provide customers with a one-stop shop for all their compliance needs.

Key Points: 
  • ANAHEIM HILLS, Calif., Feb. 14, 2023 /PRNewswire/ -- Winnow Solutions, LLC , a leading automated compliance change management provider, announced today that it expanded coverage to include federal statutes and regulations.
  • "We are excited to announce this expansion of our coverage," said Chris Hilliard, COO and Founding Member of Winnow.
  • The new federal coverage will be available to all customers immediately and includes ECOA, TILA, RESPA, FDCPA, the SAFE Act, and other federal consumer financial laws.
  • As with its state law coverage, Winnow sends weekly updates of newly enacted federal laws, amendments, and repeals as they occur.

FTC Staff Provides Annual Letter to CFPB On 2022 Equal Credit Opportunity Act Activities

Retrieved on: 
Friday, February 10, 2023
Policy, Education, Joint Interagency Task Force West, CFPB, Equal Credit Opportunity Act, Consumer, Bureau, Consumer protection, Federal Reserve Board of Governors, Consumer Financial Protection Bureau, ECOA, Bias, Department, Blog, Housing, Social media, California v. Federal Housing Finance Agency, HUD, News, DOJ, United States Secretary of Housing and Urban Development, Intelligence, Compliance, Federal Housing Finance Agency, Federal Trade Commission, Research, FTC, Dietary supplement

The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its activities enforcing the Equal Credit Opportunity Act (ECOA).

Key Points: 
  • The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its activities enforcing the Equal Credit Opportunity Act (ECOA).
  • The FTC is responsible for ECOA enforcement and education regarding most non-bank financial service providers.
  • The summary also outlines the Commission’s business and consumer education efforts on fair lending issues.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.