Links in “Agencies”

The Bureau of Consumer Financial Protection is proposing to amend Regulation P, which requires financial institutions to provide an annual disclosure of their privacy policies to customers. In response to growing concerns of overburdening both institutions and consumers, delivery alternatives have been proposed to ease the process of providing privacy protection. [5/13]

The FDIC's Division of Depositor and Consumer Protection (DCP) Community Affairs Branch announces it will host a webinar titled Innovation at Work: Financial Empowerment Programs on May 30, 2014. This webinar will feature leading practitioners who will share success stores intended to highlight strategies institutions can use to promote community development. [5/13]

The National Credit Union Administration provided its 2013 Annual Report Monday, which highlights the agency’s activities, policy initiatives and accomplishments for the year. Through the year, the NCUA focused on reducing regulatory burdens for smaller credit unions and expanding access to affordable financial services for Americans; this resulted in fewer delinquencies and an increased demand for loans, giving federally insured credit unions one of the best years on record. [5/13]

The 2014 annual report reviews market and regulatory developments and identifies emerging risks to the financial system. Among several new risks identified by the FSOC are those related to the increase in the transfer of mortgage servicing rights (MSRs) from banks to nonbank servicers. [5/12]

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the April edition of the Obama Administration's Housing Scorecard. The Scorecard shows that the housing market is stabilizing, foreclosure completions are at their lowest, and new home sales have slowed. [5/12]

Richard Cordray reflects on past financial hardships that resulted in the creation of the CFPB in 2011 and the adoption of a “compliance culture.” [5/12]

The FDIC has produced a resource guide to helps banks identify and evaluate CRA opportunities in working with Community Development Financial Institutions. [5/9]

The FTC charges mortgage lead generator with violating the Mortgage Acts and Practices Advertising Rule (MAP) as a result of deceptive marketing and practices. [5/9]

Remarks by OCC comptroller Thomas Curry promotes actions undertaken to ensure that financial crisis doesn't happen again. Key topics include: risk management, internal audit, and governance in large national banks. [5/9]

FRB's proposed Reg. XX prohibits resulting merge of companies to exceed 10% of liabilities. [5/9]