Links in “Agencies”
- Banks May Face New Charges over Currency Prices
The Justice Department is preparing charges against a number of U.S. and foreign banks that the agency believes altered foreign currency prices. These new charges follow charges earlier this year that certain American and foreign banks manipulated the Libor and engaged in the sale of faulty mortgage-backed securities. [10/8/14]
- CFPB’s Third Verbal Q&A on New Loan Estimate Disclosures
Despite industry calls for a written Q&A, CFPB proceeds with its plan for only spoken Q&As on the new TILA-RESPA integrated disclosure rules. The third in the series addressed more than 30 technical questions. Here is a recap. In writing. [10/8/14]
- Inspector General: CFPB Rulemaking Process Just Fine
While many in the banking industry would disagree, the Office of the Inspector General has found the CFPB's rulemaking process mostly compliant, with relatively minor criticisms. [10/8/14]
- Something to Say about CFPB’s Proposed Changes?
Sixty-one days remain in the comment period for the CFPB's proposed rule to redefine and regulate larger participants within the automobile financing industry. The authority for such a change was granted as part of the Dodd-Frank Act. [10/8/14]
- FTC Comments on FinCEN’s Proposal
Find out what the FTC has to say about FinCEN's proposed rule regarding strengthening customer due diligence requirements. [10/8/14]
- FDIC, CFPB Seek to Protect Older Spanish-Speaking Adults
The FDIC and CFPB have teamed up to create a Spanish version of "Money Smart for Older Adults." This tool is designed to help older adults identify, respond to, and prevent financial exploitation. [10/8/14]
- FHLB Approves Extension of Comment Period on Membership Rule Change
The Federal Housing Finance Agency has approved a 60-day extension of the comment period for its proposed rule on membership requirements. The proposed rule would require FHLB members and applicants to maintain 1% of assets in home mortgages and 10% of assets in residential mortgages. [10/7/14]
- HUD Gives a Hand to the Elderly and Disabled
A rule has been proposed which would provide the elderly and disabled with further support. Some of the changes that are proposed include rental assistance, grant assistance, and modernizing capital advance. [10/7/14]
- TILA-RESPA Webinar Recap
Did you miss the CFPBâs most recent TILA-RESPA webinar? Lucky for you, a list of questions and answers has been prepared to summarize the webinar. [10/7/14]
- FTC: Ruler of UDAP
The NCUA has repealed its regulations governing unfair or deceptive acts or practices. But donât worry, this area is still being watched over by the FTC. [10/6/14]
