Links in “Agencies”
- Illinois Bank Is 14th Bank Closure of the Year
GreenChoice Bank, with 3 branches and $73 million in assets, became the 14th bank failure of 2014. Last year at this time, there were 16 bank failures. FDIC press release is here. [7/28/14]
- HMDA for Dummies
The CFPB has proposed changes to current HMDA reporting requirements. The changes seek to, among other things, 1. standardize and align reporting with industry data standards, 2. improve the data reporting and data access processes, and 3. ease reporting requirements for smaller institutions. [7/25/14]
- FFIEC Has Secured Cybersecurity Website
The FFIEC has launched a webpage to act as a repository for materials related to cybersecurity. Along with the launch of the website, a pilot program is also underway, which will involve 500 community institutions. The pilot program and webpage will both aid the FFIEC in providing guidance and recommendations to applicable institutions. [7/25/14]
- A Plan to Make a Plan
The NCUA has publicly released the agenda regarding its meeting to be held July 31, 2014. Topics of consideration include the proposed rule related to ownership of fixed assets, Call Credit Union's request for community charter expansion, NCUA's mid-year operating budget, and more. [7/25/14]
- Keep Your Friends Close and Your Enemies Closer
Employee fraud has led to $311.4 million in losses in the past three years. To help limit insider fraud NCUA has released a series of videos that can be viewed on the NCUA YouTube channel. [7/24/14]
- One for All, and All for Fewer Regulations
The NCUA is taking steps to provide regulatory relief by eliminating the fixed-assets cap, modernizing member business lending and updating appraisal provisions. âAs always, with each proposed rule, your voices will be heard for comments and concerns.â [7/24/14]
- Back to Kickbacks
Another institution, Flagstar Bank, is being sued for allegedly participating in an illegal âkickbackâ scheme. This scheme dealt with private mortgage insurers, violated RESPA, and has been granted a summary judgment motion. [7/24/14]
- Is Debt Collection Too Harsh? Now Is the Time to Speak
The CFPB is taking written comments about the consumer experience in the debt collection industry. All written comments must be received by August 22, 2014 for consideration. [7/23/14]
- Your Chance to Complain about Complaints
Here it is, your chance to be heard. The CFPB has opened a 30-day comment period regarding consumer complaint narrative data. [7/23/14]
- HUDâs Done It Again
New Hampshire landlords have settled in a case of discrimination against a domestic violence victim. [7/23/14]
