Links in “Federal Reserve”
- CFPB Files Complaint Against Lender for Steering Borrowers to High Cost Loans
CFPB alleges Utah mortgage bank violated the Federal Reserve's loan officer compensation rule, which bans compensation based on a loan's terms such as interest rates; bank vigorously denies allegations. [7/24]
- Duke’s Resignation as FRB Governor Means Community Banks Lose an Ally
Elizabeth Duke's resignation, effective 8/31, means the loss of a "stalwart supporter of Main Street financial institutions." [7/17]
- A Closer Look at the 2 Laws That Require Adverse Action Notices
Philadelphia Fed Reserve articles breaks down the differences and similarities between the adverse action notice requirements of ECOA and the FCRA, a critical step toward achieving compliance. [7/5]
- Controversial Federal Reserve Survey Claims Interchange Exception Is Working
Industry representatives express concern that the long term experience for most credit unions may differ from the survey results. [5/24]
