News & Analysis as of

Rural Areas Financial Services Industry

Troutman Pepper Locke

Legislation Introduced in the House Aims to Support New and Rural Banks by Easing Regulatory Requirements

Troutman Pepper Locke on

On January 16, U.S. Representative Andy Barr (R-KY) introduced H.R. 478, the “Promoting New Bank Formation Act,” which was referred to the Committee on Financial Services. This bill aims to support the establishment and...more

Troutman Pepper Locke

CFPB Reports on Banking Access and the Status of Consumer Finance in the Southern Region

Troutman Pepper Locke on

On June 21, the Consumer Financial Protection Bureau (CFPB) released two reports detailing access to banking and the financial experience of consumers living in the Southern states. Many areas of the South are considered...more

Orrick, Herrington & Sutcliffe LLP

CFPB releases 2023 rural or underserved counties list

Recently, the CFPB released its annual lists of rural counties and rural or underserved counties for lenders to use when determining qualified exemptions to certain TILA regulatory requirements. ...more

Goodwin

CFPB Launches New Initiative Focused on Rural Communities

Goodwin on

In This Issue. The Consumer Financial Protection Bureau (CFPB) announced a new initiative focused on financial issues faced by rural communities and also updated its examination procedures to cover unfair discrimination; the...more

Ballard Spahr LLP

Federal Banking Agencies Increase Transaction Value Appraisal Exemption

Ballard Spahr LLP on

As we previously reported, last November the FDIC, Federal Reserve Board and Comptroller of the Currency (the federal banking agencies) proposed a rule to implement a rural residential property appraisal exemption under the...more

Ballard Spahr LLP

CFPB Publishes 2019 Final Lists of 'Rural' and 'Rural or Underserved' Counties

Ballard Spahr LLP on

The CFPB has published its 2019 final lists of "rural" and "rural or underserved" counties on its website. The CFPB has previously posted lists of such counties for calendar years 2011-2018....more

Ballard Spahr LLP

CFPB publishes 2019 final lists of rural and rural or underserved counties

Ballard Spahr LLP on

The CFPB has published its 2019 final lists of Rural and Rural or Underserved Counties on its website. The CFPB has previously posted lists of such counties for calendar years 2011-2018....more

Ballard Spahr LLP

Fed launches new article series; first issue focuses on student loans

Ballard Spahr LLP on

The Federal Reserve Board announced last week that it was launching a new article series, Consumer & Community Context, that features original analysis about the financial conditions and experiences of consumers and...more

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