Links in “Agencies”
- HUD: Zombie Killer?
About 37% of foreclosures nationwide are vacant and abandoned properties. When they stay vacant for an extended period of time, these "zombie" properties can wreak havoc in their neighborhoods. Some are looking to HUD to help address the problem. [2/18/16]
- Missouri Case Muddies Debt Collection Waters
A review of a recent opinion from a federal district court in Missouri looks at the impact of the opinion on debt collection requirements associated with the 30-day validation period. The article provides takeaways for debt collectors, including handling calls from consumers, training and providing notifications. [2/17/16]
- GAO Analyzes Remittance Transfers and AML Impact
The GAO released its study on remittance transfers and impact on the rules on financial institutions as well as merits for BSA AML. The 59-page study analyzes the $586 billion flow through remittances, the challenges placed on financial institutions with respect to the efforts being considered regarding related AML practices. [2/17/16]
- NASCUS Urges Comments on NCUA’s OTR
NASCUS' (National Association of State Credit Union Supervisors) President and CEO Lucy Ito is featured in the association's video that urges state regulators and credit unions to comment on the NCUA's Overhead Transfer Rate (OTR) that is used to cover the federal agencies costs. The video urges comments noting that the "NCUA should not have carte blance in spending credit union system dollars." [2/17/16]
- NCUA Looks Forward on Possibility of Card-Free ATMs
The NCUA's flagship newsletter focuses on a myriad of topics including efforts to build a smarter and more secured ATM access system that could involve the loss of actual ATM cards. Other articles include a piece on regulatory focus for 2016 and how to tell if your credit union holds MSB accounts. [2/17/16]
- Federal Trade Commission Modifies Its Regulatory Review Schedule
The FTC reviews its rules on a ten-year basis in order to determine whether any are unduly burdensome or no longer relevant. The Commission is modifying its review schedule for 2016 through 2026. During 2016, the FTC will initiate review of the following rules: Standards for Safeguarding Customer Information, CAN-SPAM Rule, Labeling and Advertising of Home Insulation, and Disposal of Consumer Report Information and Records. [2/16/16]
- CFPB Acting Deputy Director Talks About Payday Lending
In an appearance before a House Subcommittee, the Acting Deputy Director reiterated CFPB's concerns regarding payday lending. [2/16/16]
- Commission on Enhancing National Cybersecurity
President Obama has released a budget proposal which establishes the Commission on Enhancing National Cybersecurity within the Department of Commerce. The new Commission aims to enhance cybersecurity awareness at all levels of Government and business. [2/12/16]
- FHA: Mission Creep or Just Doing its Job?
The Federal Housing Administration's representative points to growth in its capital ratio from 0.41% in 2014 to 2.07% in 2015, above the 2% minimum required by Congress. But one lawmaker criticized the agency for mission creep, from becoming the mortgage insurer of last resort to a dominant component of our mortgage finance system. [2/12/16]
- Good News: Banks are Better Prepared for Bad News
With the unsteadiness of the market, the OCC's Comptroller says the banking system is far more resilient after recent reforms. [2/12/16]
