Links in “Agencies”

11-page report shows 31,000 out of 289,000 complaints received (11%) are related to credit reporting. Report fuels CFPB's call for greater transparency for consumers in accessing and knowing information contained in consumer credit reports. [2/28]

CFPB called for credit card companies to make credit scores and related content freely available to their consumers. This on the heels of reports that credit reporting issues are the top complaint received from consumers to the Bureau. CFPB notes that knowledge of their reports is key for consumers and seeks enhanced clarity and awareness. [2/28]

Time to get those CRA Strategic Assessments and Performance Context Reports prepared and ready to go for the 319 FIs listed. [2/28]

The OCC released October and November CRA performance evaluations with a total of 84 ratings: 14 Outstanding, 69 Satisfactory and 1 Needs Improvement (Nationwide Bank with PE Date of 12/17/2012). [2/28]

March 19, 2014 webinar from NCUA on BSA-MSB Issues provided to aid credit union managers and compliance staff understand both risks associated with such entities and the failure to properly monitor related activities. Features AffirmX's own Jane Pannier. [2/28]

CFPB's Richard Cordray's speech to the National Association of Attorneys General addressed highlights of the agency's work, including efforts with four states Attorneys General offices, use of real-time access to complaints system, mortgage services industry efforts, and collections efforts -- all part of the "crusades we are undertaking together to improve life for American consumers." [2/27]

NCUA proposes to amend regulations regarding prompt corrective action (PCA) to replace the agency's current risk-based net worth requirements with new risk-based capital requirements for federally insured “natural person” credit unions. Goal is to ensure capacity to correct actions of credit unions when capital thresholds are not met. [2/27]

NCUA Board Member Fryzel tells large audience of credit union industry representatives to "think broadly and boldly when facing challenges that lie ahead and draw on the movement’s traditions and experience to better serve its members." Interesting timing of speech, given recent proposal of expansion Prompt Corrective Action powers for those natural person CUs who perhaps go "too boldly." [2/27]

Highlights from the FDIC's Winter 2013/2014 Consumer News, including credit card tips and a test of your deposit insurance IQ. [2/26]

New interagency consumer compliance examination procedures for the mortgage rules issued pursuant to the Dodd-Frank Act released that will guide both examiners and FIs. Critical review for all FIs. [2/26]