Links in “Agencies”
- Moody’s Analysis of GSE Reform: Don’t Hold Your Breath
Analysts at Moody's believe that, despite policymakers efforts to introduce legislation to diminish the role of the government-sponsored enterprises, GSEÂ reform will not take place for at least a few more years. [7/30]
- NASCUS Fires Back
Where regulatory turf is at play, there is always a battle. NASCUS takes the charge against NCUA Preemption of State Derivatives issues. Expertise and experience issues raised. [7/29]
- FDIC Hits Marketing Affiliate as Well as Bank with Fines
Following First California Bank's $600K penalty in May, the bank's Cornerstone Marketing affiliate was ordered to pay a $25K fine over violations related to reloadable cards the bank offered; [7/29]
- Does FCRA Prohibit Use of Credit Report Info to Make Additional Offer?
If a consumer applied for an auto loan, giving the institution a permissible purpose to pull the report, does Fair Credit Reporting Act prohibit that institution from making an additional offer of credit based on that report? [7/29]
- June Swoon: FDIC Enforcement Actions Issued
June '13 Enforcement Actions: Economy must be up. Terminations lead Consent Orders 12 to 5. Three CMPs worth reading for Compliance Tips. [7/26]
- Taking a Closer Look at CFPB’s Self-Policing Bulletin
8/29 webinar to break down the recently released âResponsible Business Conductâ guidelines and how to organize your âself-policingâ efforts (a.k.a. your compliance risk assessment) to better meet rising regulatory expectations. [7/26]
- Regulators Promote Prudent Pupil Loan Respite
Guidance on workout arrangements on Student Loan Borrowers that meets Safe and Sound lending practices. [7/25]
- A Look at Salaries at the CFPB
What happens to paychecks at the CFPB when there is no congressional oversight on funding? The Bureau is under criticism for its salaries, where more than 60% of its employees make more than $100,000 a year, 56 make $200,000 or more and 37 make more than $213,500. [7/25]
- Forget Nigeria, Fraudsters Now Claiming Regulators Hold Money
OCC issues fraud warning on letters that falsely claim OCC holding funds for would-be marks. [7/25]
- ICBA Testifies Against Allowing Large Banks to Become New Fannie Mae and Freddie Mac
Testifying before Senate committee on housing reform, ICBA argues that the worst outcome in reforming the housing-finance government-sponsored enterprises would be to allow a small number of the largest financial firms to mimic the size and scale of Fannie Mae and Freddie Mac under the pretense of creating less risk in a private-sector solution. [7/24]
