Links in “Agencies”
- CFPB Awakes and Publishes 2nd Round of Lending Best Practices
2nd update to "Best Practices" for Mortgage and other lending programs shows direction FIs must pursue to stay ahead of regulatory curve. Policy and procedural "guidance" offered. [8/16]
- FDIC’s Teach the Teacher Webinars Announced
The FDIC's DCP Community Affairs Branch scheduled to host 4th in the series: How To Effectively Utilize and Implement Financial Education" on 9/23/2013. [8/16]
- Remittance Rule Finalized
Finalized EFTA rules on Remittance Transfers effective October 28, 2013. [8/15]
- DOJ Uses Testers in Housing Case
Side by Side-like test used to establish different treatment. Case is against apartment complex and property manager, but testing principle merits fair lending consideration for financial institutions. [8/15]
- Oh, Right. Here you Go. OCC Releases May and June CRA Results
On the same day, the OCC released the results for CRA examinations for the months of May and June (1 NI out of 49 or 2%). Must have wanted to batch results. May is here. [8/15]
- Dog Days of Summer? Calm Before the Storm?
Perhaps you too have noticed that over the past three weeks (7/23 to now 8/14) the CFPB has not issued a single press release. This marks (by far) the longest gap for a press release in quite some time (September 2011). What does it all mean? [8/14]
- NCUA Pays Praise to Defense CU
Board Member Fryzel's just shout out to Defense's 50 Years of Service with speech directed towards next 50 years. [8/14]
- CFPB’s Proposal to Survey Credit Card Customers on Arbitration Awareness Draws Industry Fire
Several industry and other business groups decry CFPB's proposal to undertake a telephone survey of 1,000 credit card holders to ascertain their understanding regarding the arbitration provisions in their contracts; effort seen as leading to rulemaking on flawed findings. [8/14]
- When the Sniff Test Just Won’t Do: CFPB Gives UDAAP Examples
Sometimes the "if you think you have a UDAAP problem, you do" sniff test doesn't quite cut it; CFPB releases bulletin giving potential examples of unfair, deceptive and/or abusive acts or practices. [8/14]
- CFPB Official Comments on Self-Reporting of Gray Areas
Clear-cut violations are an easy call, but should a bank self-report to the CFPB when it discovers an activity in the "gray area"? [8/13]
