The Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency (“agencies”) have issued
Interagency Guidance on lending to borrowers who are not authorized to work in the United States.
The guidance discusses how lending to non-work authorized borrowers increases credit risk, and how this risk should be managed by safe and sound underwriting practices. The guidance discusses the CFPB statement released last month and urges financial institutions to consider that document’s discussion of compliance obligations under TILA, Regulation Z, ECOA, and Regulation B.
More information is available
here.
The Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency (“agencies”) have issued
Interagency Guidance on lending to borrowers who are not authorized to work
…
Read the rest
Acting CFPB Chairman Russell Vought appeared before the House Financial Services Committee this week, giving the Bureau’s semi-annual report to Congress. Although long-time former committee and Bureau staffer Brian Johnson has been … Read the rest
BUSINESS PARTNER WEBINAR
Beyond the Paperwork: Stopping Asset Finance Fraud with Identity Intelligence and Intelligent Decisioning
July 16, 2026 at 2:00 p.m. ET
Most asset finance fraud is built to pass traditional checks, leaving lenders… Read the rest
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Earlier this week AFSA joined an industry panel organized by the House Financial Services Committee majority staff. The staff was seeking insights on the CFPB in the run-up to Acting Director Russell Vought’s testimony before the … Read the rest
AFSA’s latest State Government Affairs white paper looks at repossession moratoria enacted in past years and recent state repossession legislation. Most states that once imposed repossession bans have let them lapse, but the District… Read the rest
BUSINESS PARTNER WEBINAR
Beyond the Paperwork: Stopping Asset Finance Fraud with Identity Intelligence and Intelligent Decisioning
July 16, 2026 at 2:00 p.m. ET
Most asset finance fraud is built to pass traditional checks, leaving lenders… Read the rest
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This week the CFPB announced changes to its consumer complaint system to address misuse. In particular, the CFPB is working to reduce misuse of the system by people and organizations seeking to manipulate credit reports and scores … Read the rest
