“You’re going to tell them to pound sand? Well, they’re going to say, ‘Okay, well we’re going to suspend the agreement, we’re not going to take any more loans from you,’” said James Brody, a senior litigation partner at the law firm of Garris Horn.

The final rule for private fund advisers addressed many concerns of CLO market watchers around compliance burdens. Separately, a federal appeals court held that syndicated term loans aren’t securities.

One of Progrexion Marketing’s affiliates falsely advertised that it “guarantee[d] anyone a 0% to 3.5% down home loan no matter how bad their credit is when we start!”

American Bank of Oklahoma has agreed to settle charges it used discriminatory lending practices in the Tulsa metropolitan statistical area.

Rising interest rates are largely responsible for the increase in available untapped equity, according to Black Knight.

Expanding the Fair Credit Reporting Act’s dispute and accuracy requirements to a broadened definition of credit reporting agency could lead some industries to stop reporting or furnishing consumer credit data, according to Dan Smith, newly appointed president and CEO of the Consumer Data Industry Association.

The agency opposed a request to expand an injunction on implementing its small business lending data collection rule to all covered institutions. Currently the stay applies only to American Bankers Association and Texas Bankers Association members.

The Bank Policy Institute and American Bankers Association have asked federal agencies to pause adoption of the Community Reinvestment Act final rule until proposed bank capital requirements are finalized and the Supreme Court decides on the CFPB’s funding mechanism.

According to Dan Smith, president and CEO of the Consumer Data Industry Association, the CFPB’s potential data broker rule could lead to companies exiting the data business.

The DOJ has settled redlining charges brought against American Bank of Oklahoma. HSBC Bank also disclosed recently that it’s under investigation by the Department of Housing and Urban Development for alleged redlining.