The Congressional Research Service identified risks arising from the use of machine learning in the underwriting of consumer loans.
News & Insights
5 News Results
CFPB Director Kathy Kraninger described agency initiatives focused on product experimentation, investigations and enforcement, and consumer education.
Cadwalader attorneys reviewed a recent court filing concerning the ongoing challenge to the "bank origination model" (i.e., when lenders use arrangements with unaffiliated banks to originate their loans).
Several recent rulings illustrate the risks that persist in some states for marketplace lenders utilizing the bank origination model.
The Government Accountability Office issued a report evaluating the risks and benefits, customer protections, and regulatory oversight of FinTech products and activities.