Links in “Agencies”

While regulatory reform is an area of contention in Washington, survey finds that the electorate overwhelming favors it as well as the CFPB. [9/13]

Agency warns banks and other companies that payroll cards can be an option, but cannot be forced on employees. [9/13]

More ability-to-pay rule changes are forthcoming, and CFPB isn't interested in pushing the January 2014 deadline, although it is pledging to be "sensitive" to the good-faith efforts of lenders to be ready on time. [9/13]

CFPB director says additional changes to servicing, ability to repay and loan originator compensation rules are coming "any day now," but shows no receptiveness to delaying the effective date. [9/12]

Speech notes need for coordinated efforts to achieve compliance, a central theme that ends "Silo Approach" and one that will resonate within strong FIs. [9/12]

For the 20 National Banks reviewed in July 2013, 16 ratings were Satisfactory and 4 Outstanding.

Address to Congressional Caucus recalls efforts against most recent crisis and where CU industry needs to push forward. [9/11]

Articles include new mortgage rules, understanding ERM, and FAQ+. [9/11]

The Office of Inspector General's updated work plan for the CFPB includes an evaluation of the CFPB's practice of bringing enforcement attorneys into examinations, which is causing concern that the practice will inhibit free and open communication and position the examination as the development ground for enforcement actions. [9/10]

Head of $455 million-asset bank in New York decries the regulatory fallout hitting small banks, but caused by big banks getting themselves into trouble. "We are being required to manage risk at unbelievable levels. Even if we are not regulated by the Consumer Financial Protection Bureau, you can bet more regulations will come from our primary regulator, the OCC, regarding consumer protection just because it is part of what is happening.” [9/10]