Links in “Agencies”
- Quiet Close to 2014 for Agencies
After a quiet close to 2014, agencies acted quickly to ensure that modifications to Basel III capital rules would not significantly affect community banks. In addition, dollar adjustments were made to thresholds under the Truth in Lending Act and Community Reinvestment Act. [1/6/15]
- CFPB: Iâll Show You Mine
The CFPB has released its annual fiscal report. Interested in what they have been up to? Read more here. [1/5/15]
- NCUA Gave Coal for Christmas
The NCUA issued six prohibition orders in December with three of the six orders for employees at the same credit union. [1/5/15]
- Top 5 Risk InboX Headlines of 2014
Every business day for the past year, our staff has been curating content for bank and credit union personnel in order to keep you informed of important happenings in the industry. We now present a list of the five most popular articles, based on your clicks. [12/31/14]
- Ready or Not, Here It Comes
Is your institution involved in credit card processing? If so, your new year will begin with a new set of requirements. Payment Card Industry Data Security Standard (PCI DSS) version 3.0 goes into effect Jan. 1, 2015 and institutions are expected to be on board. [12/31/14]
- If You Liked It Then You Shoulda Backed It Up
The FTC came out with a short video detailing the importance of backing up vital information for all computer users. [12/30/14]
- Fed Announces Higher Threshold for Higher Priced Mortgages
The Federal Reserve Board announced that the threshold for the small loan exemption to the definition of a higher priced mortgage is increasing from $25,000 to $25,500 effective January 1, 2015. [12/30/14]
- CFPB Report Highlights Loopholes in DOD Lending Rule
A report just issued by the CFPB identifies some significant loopholes that have allowed certain lenders to charge exorbitant rates and fees to service members. The report, which was included as an appendix to the CFPBâs comment letter to the DODâs proposed revisions to the Military Lending Act, provides both anecdotal and statistical data to support its contention that some lenders are preying on military personnel due to their often vulnerable circumstances. [12/30/14]
- November Enforcement Actions
Hopefully your new year is going to go better than November did for most of these banks. [12/30/14]
- Happy New Year! Now Pay Up
If you graduated last spring and had student debts, they are now due. The CFPB has outlined nine steps to assist those who owe debts. [12/30/14]
