Links in “Agencies”
- Colorado Flooding Promotes OCC Encouragement
Prudent efforts to assist borrowers reemphasized by OCC for those individuals affected by Colorado flooding. Link to key Natural Disasters and Other Emergency Conditions Bulletin 2012-28 provided. [9/18]
- CFPB Takes Aim at Payday Lenders
Protections sought for military families through Military Lending Act that will see payday lenders having to conform to limits on interest rates (36%), rollovers, rights protection and limits on allotment system for repayment. [9/18]
- HUD: What’s in a Name?
HUD looks to upgrade its Housing Counseling Program that includes this current round of proposals to organize the nomenclature of the program and related elements. Outlines the future of HC and a more robust approach required by Dodd-Frank. [9/17]
- HUD’s Streamlined Reporting for FHA Lenders Goes Final
New rule aligns with other regulatory requirements for small lenders/mortgagees (under $500 million) that allows for Call Report type information to be submitted to HUD for FHA lenders. [9/17]
- OCC Speaks Out on Impairment
Speech by the Comptroller promotes new "expected loss" model approach to ALLL. Fits well with enterprise risk management concepts of today. [9/17]
- Breaking Down CFPB’s Cordray’s Remarks to House Financial Services Committee
In the CFPB's semi-annual report, Director Cordray is questioned by committee members on a wide range of topics, from its data-collection efforts to its expenditures. [9/16]
- Man’s Best Friend Gets HUD Backing
Fair Housing Act's prohibition against discrimination regarding disabilities is used by HUD to protect homeowner denied benefit of his "emotional support dog" (Man's Best Friend) in housing. [9/16]
- We’re from the Government and We’ve Helped
August housing scorecard released shows merits of various government programs including HAMP and HOPE Now. [9/16]
- 273 More Pages of Fun: CFPB Finalizes Mortgage Rules
Key topics covered include substantial servicing requirements including delinquency handling, loss-mitigation application handling, forebearance plans and error resolution. Finalized definitions of rural/underserved, small creditor provided. Requirements on financing of credit insurance premiums noted. Ongoing pressure on January 2014 builds. [9/16]
- Payroll This!
CFPB issues warning and guidance on payroll card usage and consumer protections. EFTA impact presented for FI handling. [9/13]
