Links in “Agencies”
- FDIC Achieves CRA Rating Balance
While not likely by design, the FDIC's CRA ratings for month of october for Outstanding, Satisfactory, and Needs Improvement go 3-91-3. [10/4]
- CFPB: Collect That, Meracord!
CFPB goes after a leading debt collection payment processor, Meracord, for its alleged part of collect millions of dollars in illegal upfront fees from consumers. Total fine: $1.38 million. [10/4]
- CFPB Speaks Out on $ Smarts
Director Cordray speaks out on the importance of financial literacy and the importance of aiming it at youth. [10/4]
- Agency Rundown: Who’s Open, Who’s Closed?
When it comes to the shutdown, it hinges on whether the agency is subject to the appropriations process. Here's a quick rundown. [10/3]
- Cyber Defense Efforts Take a Hit During Shutdown
With Congress tied up in partisan politics, the country's cyber defenses, which are badly in need of improvements, take a back seat. [10/3]
- Cyber Security Month
It makes sense to review your efforts on cyber attack response and preparation during Cyber Security Awareness Month. [10/3]
- CARDY HARDY HARDY!!
OFAC promotes merits of CARD Act in reducing costs and satisfaction of credit card users, but also notes significant issues remain and commits to resolving those issues. Namely: Add-ons, Fee Harvester Cards, Deferred Interest Products, and various Disclosures. Stay ahead of the curve. Read on! [10/3]
- CFPB Looking into Campus Banking Products
Agency finds student checking products affiliated with colleges do not generally have more attractive features than unaffiliated products, and sometimes have less; new rules forthcoming? [10/2]
- Loss Mitigation, Mortgage Servicing and Ability to Repay Rules on B, X, and Z Go Final
It's what you probably already knew (especially if you attended NeighborBench's Getting Ready for 2014 webinar), but merits a read through. Get out those reading glasses -- we're talking several hundred pages of Federal Register fun. [10/2]
- HUD Proposes its Qualified Mortgage Definition
Proposal approaches that of other QM rules using a APOR (Average Prime Offer Rate) differential of APOR plus 115 bps maximum to establish Safe Harbor for HUD related mortgages. Standard may be used for other HUD programs. [10/2]
