CFPB prepares to “enhance” small business lending

On Dec. 23, the CFPB closed the application period for an assistant director, small business lending markets, a job paying up to $275,000 for identifying opportunities to “enhance fairness, transparency and functioning” of small business lending markets.

Citizens Bank of Pennsylvania is a warning to the banking industry

Regulators’ action against Citizens Bank of Pennsylvania has huge ramifications for the banking industry. Three regulators − the CFPB, FDIC and the Office of the Comptroller of the Currency – have ordered Citizens to pay $14 million in refunds to consumers and another $20.5 million penalty.

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