Links in “Agencies”
- CFPB Issues Fines, Warning and Guidance on HMDA Reporting Violations
Payment of fines for two reporters is only first key point of CFPB press release. More significant for FIs may be a HMDA Bulletin that is basis of warning by CFPB for HMDA reporters to implement an effective HMDA compliance management system that includes training, testing and reporting of validation efforts. [10/10]
- Yellen Expected to be More Hands-on in Supervision and Regulation
Nominated to succeed Bernanke, Janet Yellen is expected to be more directly involved in handling regulatory matters. [10/10]
- Government Now Urging Forbearance on Affected Borrowers of Government Shutdown
FFIEC members encourage forbearance on borrowers affected by government shutdown. [10/10]
- No More Enforcement Attorneys on CFPB Exams
In response to complaints that the presence of enforcement attorneys in examinations hampered open examinations, CFPB agrees to no longer to send attorneys on exams. [10/10]
- CFPB Seeks to Encourage Innovation in Disclosures with Temporary Exemptions
CFPB finalizes its policy for exempting companies from certain disclosure requirements to allow them to test trial disclosures. [10/9]
- NCUA Offering Risk-Based Webinar
Free Oct. 22, 2013 webinar focuses on risk-based lending and how it can be used to better serve their members, increase loan volume and income and mitigate unnecessary risks. [10/9]
- FDIC Reemphasizes Interest Rate Risk Management
Highlights focus on development of comprehensive ALM and IRR programs with risk management techniques implemented to ensure a strong program. Areas of heightened risk observed in heavy liability-sensitive positions, securities depreciation and unrealized losses that may impact FIs earnings and capital in a rising rate environment. [10/9]
- Audit of Controversial CFPB Practices Pushed Back
The Office of Inspector General is pushing back its evaluation of CFPB's practice of having attorneys attend examination and the audit of its public consumer complaint database to Q4. [10/8]
- FFIEC Notes Windows XP Support to Expire
Microsoft's cessation of support for XP in 2014 means that FIs have need to assess impact on any personal computers, servers, and purpose-built devices that use XP. Focus on completion of the risk management cycle (assess, mitigate, plan, monitor and report) recommended. [10/8]
- Comptroller Speaks to Minority-Owned Bank Issues
OCC speaks on key challenges and opportunities involving minority-owned banks and how majority-owned banks can get involved. [10/7]
