Links in “Agencies”
- The Fed Halts Regulation DD
The Board of Governors of the Federal Reserve System (Board) is repealing its Regulation DD, 12 CFR part 230, which was issued to implement the Truth in Saving Act (TISA). [5/29]
- NASCUS Disenchanted by NCUA’s Risk-Based Capital Rule
The National Association of State Credit Union Supervisors (NASCUS) filed comments this morning on the NCUAâs proposed Risk-Based Capital Rule. [5/29]
- Alabama Firm Pays the Price of Non-Disclosure
The Consumer Financial Protection Bureau (CFPB) ordered RealtySouth, the largest real estate firm in Alabama, to pay $500,000 for inadequate disclosures that could leave consumers unaware of their rights to choose service providers during the home-buying process. Â [5/29]
- Consumers Find More Ways to Save at the Bank
The latest issue of FDIC Consumer News features five basic questions to ask plus money-saving tips and strategies to consider when it comes to banking and borrowing. The FDIC encourages financial institutions, government agencies, consumer organizations, educators, the media and anyone else to help make the tips and information widely available. [5/28]
- Privacy Notice Proposal Hits a Delay
The Annual Privacy Notice Proposal allowed a 30-day comment period that will end on June 12, 2014. To allow interested persons additional time to consider and submit their responses, the Bureau has determined that an extension of the comment period until July 14, 2014, is appropriate. [5/28]
- CU Mergers for Dummies
The NCUA published a pamphlet entitled "Truth in Mergers: A Guide for Merging Credit Unions" available online. The brochure provides CU managers and directors with a framework to begin discussion about the future of the credit union. It incorporates lessons learned from a review of more than 430 mergers over an 18-month period. [5/27]
- CFPB Publishes Spring 2014 Rulemaking Agenda
As part of its voluntary participation in the Unified Agenda, the CFPB published its regulatory agenda for Spring 2014. The agenda includes rulemakings concerned with mortgages, defining larger participants, debt collection, payday loans and prepaid cards, and privacy disclosures. [5/27]
- FDIC Asks for Comments on “Rolling Spot” Transactions
The FDIC invited Federal agencies and the public to comment on the renewal of an existing information collection called the Retail Foreign Exchange Transactions. The regulation involved (12 CFR part 349) outline requirements for foreign currency future, options on futures, and other FDIC-supervised options. [5/27]
- CFPB Plans to Step Up Activities 50% in 2014
CFPB's Spring 2014 report states that the agency conducted over 100 supervisory activities, such as full scope reviews and follow-up examinations in 2013 and plans to conduct about 150 in 2014. The report also addresses elements of a strong fair lending compliance management system. [5/23]
- Spring Cleaning for Federal Reserve Board
The Federal Reserve Board on Thursday repealed its Regulation DD and Regulation P, shifting regulatory supervision of those areas to the CFPB. Â The Board also issued final amendments to the Identity Theft Red Flags rule in Regulation V (Fair Credit Reporting), which amendments, among other things, narrow the scope to exclude professionals such as doctors and lawyers from certain elements of the regulation. [5/23]
