Compliance

HUD Seeks Industry Feedback on Regulatory Burden

Implementing the president’s executive orders on regulatory reform, the Department of Housing and Urban Development is seeking public and industry feedback on HUD regulations that may be outdated, ineffective or unnecessarily burdensome.

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House Republicans Press Yellen on CCAR Transparency, Efficiency

A group of House Republicans led by Reps. Blaine Luetkemeyer (Mo.) and Keith Rothfus (Pa.) today wrote to Federal Reserve Chairman Janet Yellen urging her to take action to increase the transparency and efficiency of the Fed’s Comprehensive Capital Analysis and Review process for bank holding companies with more than $50 billion in assets, including removing the qualitative assessment process for all CCAR banks.

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ABA Issues Staff Analysis on HMDA Correction Proposal

ABA today issued a staff analysis on the Consumer Financial Protection Bureau’s recent proposal to make technical corrections and clarifications to the data lenders are required to collect and report under the final Home Mortgage Disclosure Act Rule (Regulation C).

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ABA Supports CFPB Harmonization of Regs B, C

ABA today expressed its support for the Consumer Financial Protection Bureau’s proposal to harmonize borrower application data reporting requirements of the Equal Credit Opportunity Act (Regulation B) with new requirements under the Home Mortgage Disclosure Act (Regulation C).

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Financial Choice Act Clears House Committee

The House Financial Services Committee today voted to advance the Financial Choice Act, Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill aimed at reforming parts of the Dodd-Frank Act’s extensive supervisory regime and providing regulatory relief for banks.

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