Links in “Agencies”
- The CFPB Is Even in the NCUA Report
Sometimes it feels like the CFPB is just about everywhere. This month's issue of the The NCUA Report contains a special guest report from the CFPB director on "the Bureau's" Ability-to-Repay Rule. [12/11/14]
- OCC Releases Ratings for November’s CRA Evaluations
Of the 23 CRA evaluations completed by the OCC during November, only one institution was rated Needs to Improve. 20 of the remaining institutions received a Satisfactory rating and two were deemed Outstanding. [12/11/14]
- NCUA Shares Newest Report
The NCUA Quarterly US Map Review tracks certain performance indicators for federally insured credit unions and is available for consideration. Membership growth rates, loan growth rates, and asset growth rates are among the many figures available for review. [12/10/14]
- NACHA Seeks Feedback for Proposed ACH Rule
In an attempt to improve value and efficiency for consumers and institutions alike, NACHA has proposed a same-day ACH rule, for which public comment is being requested. Any and all are invited to learn more about the proposed rule and share comments before February 6, 2015. [12/10/14]
- How to Handle Complaints Without Getting Hammered
Ever heard the expression "the nail that sticks out will get hammered"? The CFPB's examination manual underscores the importance of a smooth complaint management program. Find out how to create a program that will eliminate any invitations for regulatory hammers. [12/10/14]
- What’s New at the CFPB?
Not much new reported in the CFPB's most recent semi-annual report. But it did break down the number of enforcement actions for TILA violations, EFTA violations, and CARD Act violations. [12/9/14]
- New Loan Limits with the New Year
The FHA has released its loan limit schedule for high-cost and lower-cost areas to become effective January 1, 2015. The 2015 loan limits for highest and lowest cost areas will remain the same as 2014. [12/8/14]
- CFPB Puts Debt-Settlement Firm in Chokehold
The CFPB recently brought charges against Premier Consulting Group for illegally charging up-front fees for debt-settlement services that customers never received. In many instances, the upfront fees coupled with the ineffective or non-existent services offered caused consumers to fall deeper in to debt. Premier Consulting Group is set to pay a fine of $69,075, and will be prohibited from future violations. [12/5/14]
- Cue the Queen Song
Another one bites the dust! The number of federally insured credit union liquidations for 2014 broke double-digits with Metropolitan Church of God Credit Union of Detroit being the latest. [12/4/14]
- Curry Expounds on OCC Approach to Examinations
Speaking on the OCC's overall approach to examinations, BSA/AML, and cybersecurity, the Comptroller of the Currency Thomas Curry encouraged all financial institutions to join the Financial Services Information Security and Analysis Center (FS-ISAC). The FS-ISAC is a public-private sector partnership that provides access to information regarding data security. [12/4/14]
