Links in “Banks”

When it comes to new HMDA requirements, two years to get compliant may sound like a long time. But coming so closely on the heels of the TRID changeover has many lenders reeling. (See Risk Watch 76 for a video overview.) [11/3/15]

While mortgage applications have been all over the map in the run-up and aftermath of the implementation of TILA-RESPA Integrated Disclosure rule, a new report suggests that the application rollercoaster is mere signal noise, with fourth quarter mortgage originations expected to rise over the previous year. Does it feel like "mere signal noise" to you? [11/2/15]

In a letter to the CFPB, the ABA says it is fully behind the concept of surveying consumers of overdraft services, but says the CFPB's request for budget approval for the survey that didn't actually include a draft of the survey limits the public's ability to comment. [11/2/15]

An internet payday lender in Delaware thought it could avoid the application of borrower's home state law. The Minnesota Supreme Court, however, disagreed. [11/2/15]

The CFPB has released an 800-page overhaul of the Home Mortgage Disclosure Act, and the changes are rather significant. How should you prepare? Barrett Jones, head of data analytics for AdvisX, breaks down what changes financial institutions should know about and, more importantly, what they mean. [10/30/15]

86% of banks say their top regulatory challenge is complying with the new TILA-RESPA Integrated Disclosure rule. Not far behind are the new reporting requirements for HMDA. (See Risk Watch 76 for an overview of the "new" HMDA.) [10/30/15]

Here's what the CFPB has been doing lately and where it is heading next in its effort to issue new arbitration rules. Look for a proposed rule to be issued in Q1 2016. [10/30/15]

Auto lender exaggerated the potential disciplinary action that servicemembers would face, contacted and threatened to contact commanding officers, threatened to garnish servicemembers wages and misled servicemembers about imminent legal action. [10/30/15]

An opinion piece in New York Times suggest that the government could readily solve the heavy burden on consumers of payday loans by fixing a small regulatory problem that keeps banks from getting in the business of small loans. [10/29/15]

In its fourth installment of its monthly complaint reports, the CFPB turned its spotlight on credit card complaints. It found that confusion over how late fees are assessed was the primary issue raised in complaints involving credit cards. [10/29/15]