Compliance

SBREFA Process is Too Rushed, GAO Report Finds

More than two-thirds of small business entities that participated in the Consumer Financial Protection’s Bureau’s Small Business Regulatory Enforcement Fairness Act panels said that they feel the process is rushed, according to a report released today by the Government Accountability Office.

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ABA Welcomes CFPB Move on Privacy Notices

ABA and several other trade groups today welcomed the Consumer Financial Protection Bureau’s move to implement recent legislation providing banks an exemption from sending an annual privacy notice provided they meet certain requirements.

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Under Criticism, FDIC Amends Exam Appeals Process

The FDIC board today voted to propose amendments to its supervisory guidelines that would expand banks’ rights to appeal exam decisions and improve consistency with other agencies’ appeals processes and issue examination guidance for third-party lending.

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