Links in “Agencies”

The Office of the Comptroller of the Currency will host an educational event for both minority- and women-owned businesses in July. The event is titled "Managing for Long-Term Success" and is a free, interactive session looking into the unique challenges facing minority entrepreneurs. [6/24/15]

This issue of Supervisory Highlights examines findings in mortgage origination, fair lending, mortgage servicing, deposits, payday lending, and debt collection. [6/24/15]

The latest CFPB supervision report outlines illegal practices found in the first four months of 2015. Supervisory resolutions across industries have recovered $11.6 million for more than 80,000 consumers.  [6/24/15]

Five federal regulatory agencies announced approval of a joint final rule modifying regulations that apply to loans secured by properties located in flood hazard areas. The final rule implements provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). [6/23/15]

The U.S. Housing and Urban Development announced that 40 states and local communities will compete in the second and final phase of HUD's "National Disaster Resilience Competition." The competition is designed to help areas recover from past disasters while improving their ability to withstand future extreme events. Almost 1$ billion is available to help these hard-hit areas. [6/23/15]

The economy is showing signs of improvement, which in turn will increase loan demand and lower delinquency rates. [6/22/15]

The OCC's enforcement actions for June have been released. [6/22/15]

The CFPB's Semiannual Regulatory Agenda was released in the Federal Register. The five-page document discusses efforts with Dodd-Frank, including integration of mortgage regulations, HMDA reporting expansion, "Know Before You Owe" initiative, prepaid card efforts, and payday loan issues. [6/19/15]

The CFPB announced a relief payment of $5.9 million, including a $500,000 penalty, in an enforcement action against a medical debt collection company for mishandling consumer credit reporting disputes and preventing consumers from exercising important debt collection rights. The announcement includes sound guidance for debt collectors on key practices and unacceptable debt collection actions. [6/19/15]

The CFPB released the 2015 mid-year update on Student Loan Complaints noting in the 30-page report that more than 3,100 private student loan complaints and 1,100 debt collection complaints related to student loans between October 1, 2014 and March 31, 2015. The report also discusses specific co-signer issues, including problems securing a co-signer release and analysis of problems consumers experience when attempting to refinance a student loan. [6/19/15]