Links in “Agencies”

The TRID rule in the Federal Register includes several unintended deletions, causing the CFPB to issue a new final rule with "technical corrections" it considers "non-substantive." The bureau declined, however, to address a number of issues that wouldn't been relatively simple to correct, such as the apparent error of omitting property taxes paid at closing in the list of items that are not subject to a specific percentage tolerance. [1/4/16]

Dodd-Frank is impacting bottom lines of financial institutions, but it is still too early to say exactly how much, according to the GAO. Good to know. [1/4/16]

The annual adjustments to the asset-size thresholds for small and intermediate small institutions have been released by federal bank regulatory agencies. The adjustments are effective January 1, 2016, and will make changes to the definitions of small and intermediate small institutions for CRA examinations. [12/23/15]

The FTC recently released an enforcement policy statement and guide regarding the general principles which the Commission considers in determining whether an ad format is deceptive and violates the FTC Act. The guide, located here, specifically addresses “native” ads which look like surrounding non-advertising content, and is designed to help institutions comply with the policy statement in the context of native advertising. [12/23/15]

The National Association of State Credit Union Supervisors has named Nichole Seabron as its new VP and regulatory counsel. Prior to joining NASCUS, she was an advisor to FEMA and compliance counsel to the Credit Union National Association. [12/22/15]

HUD has settled with a Massachusetts real estate company for discriminating against families with children. Agents for the company discouraged families with children from applying by citing concerns that the units might contain lead-based paint. [12/22/15]

Steering well clear of credit limits and checking your credit report are among the tips the CFPB is sharing with consumers on the prudent use of credit cards. [12/22/15]

Warning letters to 17 colleges serve as a reminder that schools must publicly disclose their agreements with credit card issuers. [12/21/15]

The OCC announced that eight banks received cease and desist orders, civil money penalty orders, or entered into formal agreements. On the other hand, nine banks had their enforcement orders lifted. Happy holidays. [12/21/15]

HMDA asset-size exemption threshold remains unchanged at $44 million. TILA exemption threshold for escrow accounts for higher-priced mortgages declined from $2.060 billion to $2.052 billion. [12/21/15]