Compliance

Private Flood Insurance Proposal Aims to Ease Compliance

The FDIC, OCC, Federal Reserve, Farm Credit Administration and National Credit Union Administration today issued a proposed rule implementing the 2012 Biggert-Waters flood insurance reform law’s efforts to stimulate a robust marketplace for private flood insurance that would offer a competitive alternative to the National Flood Insurance Program.

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ABA Comments on Proposed TRID Revisions

In a joint comment letter with the Consumer Bankers Association yesterday, ABA responded to a proposal by the Consumer Financial Protection Bureau to amend the TILA-RESPA integrated disclosure rule.

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ABA Welcomes Call Report Changes, Urges More Streamlining

While welcoming the banking agencies’ proposed streamlining of the Call Report for banks with less than $1 billion in assets and no foreign offices, ABA today urged regulators to do more to reduce the sources of burden that banks face when filing the report.

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Dems Press Regulators for CRA Reform

A group of Democratic lawmakers from both the House and Senate wrote to the federal regulatory agencies asking them to take steps to modernize the Community Reinvestment Act to address changes in the banking industry.

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Court Tightens Reins on CFPB Director’s Authority

The Consumer Financial Protection Bureau’s leadership structure -- a single powerful director who cannot be removed at will by the president -- is unconstitutional, according to a ruling by a panel of judges on the D.C. Circuit Court of Appeals today.

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Agencies Update Exam Procedures to Incorporate MLA Updates

The federal banking agencies today issued updated interagency examination procedures for the amendments to the Military Lending Act rule, which extend MLA restrictions to cover credit cards, lines of credit, installment loans and deposit advances offered to service members and their dependents.

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