Links in “Agencies”

The finalized risk retention rule from the FDIC, FRB, OCC, SEC, HUD, and FHFA reduces the risk retention requirements for ABS collaterlized by commercial, commercial real estate, or auto loans and includes a prohibition of hedging and the transfer of risk retention. [11/20/14]

The FDIC is moving forward with its information collection proposal on account-based disclosures in connection with Regulations E, CC, and DD. [11/20/2014]

The CFPB's mortgage rules got you confused? The FDIC is here to help with a new video covering the Ability to Repay and Qualified Mortgage Rule with another two videos on the way! [11/20/14]

The CFPB has released a bulletin regarding avoiding discrimination against those receiving Social Security disability income as part of the lending process. Does extra guidance mean this will soon be an increased area of scrutiny? It may be time to brush up on what the CFPB expects of lenders. [11/19/14]

NCUA Chair Debbie Matz reported that while the agency doesn’t yet have 100% compliance with the call report filing deadlines, compliance is improving. She reported that the naughty list is down to 47 and staff is reviewing these cases on an individual basis to determine if there are mitigating circumstances that would warrant a reduction or waiver of civil money penalties. [11/19/14]

The FTC has released its financial report for fiscal year 2014. The report highlights key fiscal and performance results and can be accessed here. [11/19/14]

The Government Accountability Office recently released financial statements and financial audits for the CFPB and FHA. Information regarding the CFPB can be found here. The FHA audit and financial statements can be found here. [11/18/14]

In exchange for their service, 100% service-disabled veterans are given the ability to have their loans discharged. In many cases, this debt forgiveness has not been properly reflected on credit scores, causing dramatic reductions to veteran credit scores. [11/18/14]

A look at the CFPB's recent efforts to stave off depositions due to its claimed "inherent right to non-disclosure." Critics argue that once a case goes to court, the CFPB is subject to the same rules of discovery facing everyone else. [11/17/14]

Department of Justice's Office of Professional Responsibility and the FDIC's inspector general have opened separate inquiries into how regulators conducted a crackdown on fraud that allegedly went to far and hurt legitimate companies under a program known as Operation Choke Point. [11/17/14]