Links in “Agencies”
- OCC Wants More Mortgage Data
OCC requests approval to collect more aggregate data on portfolio performance, such as outstanding loan count and unpaid principal balance, delinquency and liquidation ratios, and the number of loss mitigation actions completed. [11/16/15]
- Last Regulatory Reduction Meeting Scheduled
The regulatory agencies have announced that they are holding their final outreach meeting on the Economic Growth and Regulatory Paperwork Reduction Act of 1996 on Dec. 2, 2015. [11/16/15]
- CFPB Releases New Tool for Retirement
The CFPB has released an interactive online tool entitled âPlanning for Retirement,â designed to help consumers decide when to claim their Social Security retirement benefits. The tool follows a CFPB report that notes the impact of claimant age and benefits under social security and promotes efforts to give enhanced insights and options regarding retirement planning. [11/13/15]
- NCUA Promotes Hispanic Outreach Efforts
The NCUA announced an upcoming panel discussion on December 1, 2015 aimed at improving CU services to Hispanic members. [11/13/15]
- U.S. Justice Department Reaches Agreement with Two More Swiss Banks
The Department of Justice announced two more resolutions under the Swiss Bank Program that gives Swiss Banks the ability to avoid criminal prosecution through cooperative resolution and payment of penalties. In this round, Banque Internationale à Luxembourg (Suisse) SA and Zuger Kantonalbank agreed to the $13 million penalty and agreement to continue cooperative efforts. [11/13/15]
- Plan Now to Include Inclusion and Diversity in Self-Assessments
CFPB's Diversity and Inclusion Strategic Plan for 2016-2020 is out. Time to begin taking steps to incorporate them into daily business practices and plan for your self-assessments. [11/12/15]
- Federal Reserve Board Releases Enforcement Actions
Federal Reserve board executes an enforcement action on Bank of Nova Scotia and denies the request to withdraw notice of prohibition from an individual affiliated with Credit Suisse. [11/12/15]
- FFIEC Releases Updated IT Exam Handbook
In fact, the FFIEC has made substantial revisions to the Management Booklet, which is part of its Information Technology Examination Handbook. The revisions include the incorporation of cybersecurity concepts, the incorporation of management-related concepts, and changes to the IT risk management process from risk identification, including measurement, mitigation, monitoring, and reporting. [11/11/15]
- HUD Aims to Improve the Tracking of Grant Funds
HUD has ruled to amend the Community Development Block Grant (CDBG) program regulations in order to promote better tracking and accounting procedures regarding the use of grant funds. Through this rule, grantees will be required to track obligations and expenditures of funds for each specific fiscal year grant. [11/11/15]
- Deferred Student Debt? FHA Says “No Problem” No More
The FHA has shut down a popular workaround for borrowers with deferred student debt. [11/11/15]
