Links in “Agencies”
- Closer Look at Justice Department’s Fraud Initiative Reveals Overstated Results
Justice Department's touted successes of its crackdown on fraud schemes targeting struggling homeowners resulted in charges against 107 criminal defendants, not the 530 originally reported; Bloomberg story prompts closer scrutiny. [8/13]
- NCUA’s New FAQ+ Released
Insights, Tips and Training Opportunities available with a few clicks. See it in action here. [8/13]
- OCC Offers Directory Assistance
OCC Director Workshops Schedule is heading to town near you. Topics include:
Mastering the Basics Workshop: A Directorâs Challenge, Risk Assessment Workshop: Directors, Where is the Risk in Your Institution? Compliance Risk Workshop: What Directors Need to Know, and Credit Risk Workshop: A Directorâs Focus. Link: https://www.seiservices.com/occ/welcome.aspx [8/13] - July Housing Scorecard Released
HUD and Dept of Treasury release July report noting recovery and value of HAMP. [8/12]
- Local Governments’ Plans to Seize Underwater Properties Through Eminent Domain May Run into FHFA
Federal Housing Finance Agency threatens legal action against local governments who use eminent domain to seize underwater mortgages. [8/9]
- Agencies Issue Supplemental Proposal to HPML Appraisal Rules
New supplemental proposal focuses on Higher Priced Mortgage Loan (HPML) exemptions including Manufactured Housing (no land), Streamlined Refis and $25K and Under Loans. [8/8]
- NCUA’s LICU’s Initiative a Hit
2012 initiative for low-income CUs shows tremendous momentum with 200% increases in members and assets. Program offers strong benefits to qualifying CUs. [8/8]
- CFPB 1, Bankers 0
A U.S. District Court dismissed a case brought originally by a Texas bank and the Competitive Enterprise Institute that claimed the CFPB did not have the authority to regulate the financial services industry; the suit, which was later joined by 11 other states, challenged the constitutionality of the Dodd-Frank Act that created the CFPB. The plaintiffs plan to appeal. For a bank lawyer's take on the case, see State National of Big Spring Springs a Leak. [8/7]
- NCUA Covers Hot Topics
NCUA Chairman Matz town hall webcast now available. Covers wide array of hot topics facing Credit Unions. [8/7]
- Are Ethics Charges Against Ex-CFPB’s No. 2 Overblown?
Amidst the uproar, Raj Date, who left the CFPB to form his own firm, denies new firm will lobby the agency or represent clients before the agency. [8/6]
