by Doeren Mayhew | Oct 19, 2023 | Articles
From utilities and interest expense to executive salaries and insurance, many overhead costs have skyrocketed over the last few years. Some companies have responded by passing along the increases to customers through higher prices of goods and services. Is this...
by Doeren Mayhew | Oct 18, 2023 | Articles
By Leslie Tripp – Director of SBA Consulting, Financial Institutions Group Earlier this year, the Small Business Administration (SBA) introduced three new standard operating procedures (SOPs), significantly impacting small business lenders. Effective Aug. 1, 2023,...
by Doeren Mayhew | Oct 13, 2023 | Articles
By John Zasada, JD, CAMS – Shareholder, Financial Institutions Group On Oct. 12, 2023, the Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) issued a joint statement reminding financial institutions that reliance on immigration status to...
by Doeren Mayhew | Oct 12, 2023 | Articles
By John Zasada, JD, CAMS – Shareholder, Financial Institutions Group On Oct. 11, 2023, the Consumer Financial Protection Bureau (CFPB) issued its second Supervisory Highlights this year providing an update on the CFPB’s efforts to curb junk fees. The agency’s...
by Doeren Mayhew | Oct 11, 2023 | Articles
By John Zasada, JD, CAMS – Shareholder, Financial Institutions Group On Oct. 10, 2023, the Consumer Financial Protection Bureau (CFPB) announced it filed a lawsuit against Freedom Mortgage Corporation (Freedom), a large mortgage lender and servicer, for violating the...
