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Banking On It

Welcome to Banking On It, a blog providing timely, practical, and insightful commentary on the legal challenges and regulatory risks impacting regional and community banks, national banks, credit unions, mortgage lenders, commercial and consumer lenders, fintechs, payment providers, and other financial institutions. Whether you’re a bank executive, compliance officer, or legal professional, our goal is to keep you informed and prepared for what’s ahead in today’s complex regulatory landscape and ever-changing market.

A Forum for Insights in Credit and Compliance

The focus of our Banking On It blog spans a wide range of areas that are increasingly relevant in today’s economic climate, including consumer finance, loan originations, bankruptcy, special assets, and loan workouts. In addition to regulatory updates, we delve into enforcement trends and emerging risks that could affect your institution’s operations and strategic decisions. Backed by our proven track record spanning decades in the banking and finance industry, this blog aims to be a valuable resource for financial institutions seeking clarity and guidance in a rapidly changing regulatory environment.

Latest Blog Posts

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Lessons and Takeaways from Recent FDIC Enforcement Actions

December 3, 2025 | Finance Industry Blogs

On October 31, 2025, the Federal Deposit Insurance Corporation (FDIC) released its list of enforceme...

Bill Introduced to Increase Reporting Thresholds Under the Bank Secrecy Act

November 7, 2025 | Finance Industry Blogs

On October 21, 2025, the Senate Committee on Banking, Housing, and Urban Affairs introduced S.B. 301...

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FDIC Modifies Its Examination Manual to Remove Disparate Impact Liability, in Line with Recent Executive Order

September 18, 2025 | Finance Industry Blogs

The Federal Deposit Insurance Corporation (FDIC) announced in a Financial Institution Letter (FIL-41...

Extended 1071 Rule Compliance Deadlines Still Stand, but New CFPB Rulemaking Planned

September 15, 2025 | Finance Industry Blogs

On June 18, 2025, the Consumer Financial Protection Bureau (CFPB) published an interim final rule ex...

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Recent Trends in FDIC Consumer Compliance Examinations and Complaints

August 13, 2025 | Finance Industry Blogs

The Federal Deposit Insurance Corporation (FDIC) recently released its Consumer Compliance Superviso...

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Texas Court Vacates CFPB’s Medical Debt Rule: Lender and CRA Takeaways

August 6, 2025 | Finance Industry Blogs

On July 11, 2025, the U.S. District Court for the Eastern District of Texas vacated the Consumer Fin...

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Disparate Impact Discrimination in AI Underwriting Alleged Against Student Loan Company

August 4, 2025 | Finance Industry Blogs

On July 10, 2025, the Massachusetts Attorney General’s Office (AGO) reached a $2.5 million settlem...

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GENIUS Act to Create Legal Framework for Stablecoin Issuers

July 18, 2025 | Finance Industry Blogs

On June 17, the U.S. Senate voted 68-30 to pass the Guiding and Establishing National Innovation for...

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The State of the CFPB Amid Reduction in Force Litigation

May 15, 2025 | Finance Industry Blogs

The Consumer Financial Protection Bureau (CFPB) has been at the center of significant legal and oper...

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What Does the CFPB’s Withdrawal of Guidance Documents Mean for Bank Compliance

May 14, 2025 | Finance Industry Blogs

On May 12, 2025, the Consumer Financial Protection Bureau (CFPB) announced the withdrawal of various...

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Trump’s New Executive Order Targeting Disparate Impact Liability May Target Fair Lending as Well

April 29, 2025 | Finance Industry Blogs

On April 23, 2025, President Trump issued an executive order (EO) titled “Restoring Equality of Op...

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Making Sense of Small Biz Fair Lending Compliance

April 24, 2025 | Finance Industry Blogs

Starting in July 2025, the first tier of small business lenders will begin collecting certain data t...

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How Lenders Should Prepare for Crypto as Collateral

April 17, 2025 | Finance Industry Blogs

Considering this administration’s desire to position the U.S. as a digital banking capital and...

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Approaching Deadlines for Compliance with Rule 1071 Fair Lending Requirements and Challenges to Enforcement

February 5, 2025 | Finance Industry Blogs

On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) issued a final rule under Regulat...

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New Year, New Credit Score? CFPB Issues Contested Final Rule for Credit Reporting on Medical Debt

January 10, 2025 | Finance Industry Blogs

On January 7, the Consumer Financial Protection Bureau (CFPB) finalized a rule amending Regulation V...

Banking On It Contacts

Lindsay S. Oak Profile Image
Lindsay S. Oak

Partner

Columbus, OH

Emilia R. Rubin Profile Image
Emilia R. Rubin

Senior Associate

Columbus, OH

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