Links in “Agencies”
- NCUA Releases Reg B Alert on Appraisals
NCUA's regulatory alert on the Reg. B's Appraisal Disclosure & Delivery Requirements becomes effective January 18, 2014. [8/5]
- FDIC Issues August CRA Report Cards: Tougher Grading Ahead?
The 5.3% less-than-satisfactory rate for August 2013 represents nearly a 500% increase over the same period in 2012; may be time to brush up your CRA program. [8/5]
- Ethics Questions Raised about Former CFPB Officials’ New Firm
Former senior leaders at CFPB have left the agency and have created a firm that offers financial products in a market sector created by the very rules they were in a position to influence, raising questions of integrity and ethics. [8/2]
- NCUA Issues Info on July Orders
A study of the details (see http://www.ncua.gov/Legal/Regs/Pages/AO2013.aspx) on Administrative Orders often yield insights into Internal Routine and Controls enhancements. [8/1]
- Regulators Echo Commitment to Students in Financial Dire Straits
FDIC, OCC, FRB promote workout program guidance for FIs under $1B in handling problem student loan borrowers. [8/1]
- Student Loan Borrowers to Receive Interest Rate Relief
Yesterday, the House overwhelmingly approved a Senate bill that allows student loan interest rates to be set based on market rates, which will then be fixed for the term of the loan; bill also includes rate caps and is retroactive to student loans originated since July 1, 2013. [8/1]
- FTC Case Against Payday Loan Scammer
UDAAP related type judgment against online operation for $9.5 million. Good template review of practices provided in complaint. [7/31]
- Agencies Call for Comments on Stress Test for Mid-sized Institutions
Three agencies seek comments on proposed guidance for stress tests conducted by financial institutions with assets between $10 billion and $50 billion; comment period closes 9/25/13. [7/31]
- Think Funding a Loan Is Tough, Try a Regulation
OMB releases "Reg Map," a chart that gives an overview of the "informal rulemaking" process. At least the process is colorful. [7/31]
- A Look at Agencies’ Proposed Rule Changes on Higher-Price Mortgages
Joint agencies propose amendments to their rules published in January 2013 to create exemptions from the rules for transactions secured by existing manufactured homes and not land, certain âstreamlinedâ refinancings, and transactions of $25,000 or less; comment period closes in September. [7/30]
