Agencies Issue Final Rules Clarifying Role of Supervisory Guidance
The FDIC, OCC, Consumer Financial Protection Bureau and the National Credit Union Administration today each issued final rules codifying that ...
Tag: Regulatory burden
ABA Supports Rule to Clarify the Role of Supervisory Guidance
The American Bankers Association submitted a comment letter on Monday supporting a proposed rule by the federal banking regulators to ...
Small Biz Panel to CFPB: Prioritize Simplicity, Consistency in Section 1071 Rules
Small entities expected to be affected by the Consumer Financial Protection Bureau’s Dodd-Frank Section 1071 rulemaking recommended that the CFPB ...
ABA Welcomes Temporary Auditing, Reporting Relief from FDIC
In a comment letter to the FDIC today, ABA welcomed a recent interim final rule granting temporary relief for certain ...
Following ABA Petition, Regulators Move to Codify Statement on Guidance
In response to a 2018 petition from ABA and the Bank Policy Institute, the federal banking agencies today issued a ...
CFPB Assessment Finds TRID Rule Imposed ‘Sizable’ Costs for Lenders
The Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure Rule “appears to have created sizable implementation costs for lenders,” the bureau ...
For Community Banks, COVID-19 Brings Existential Concerns to Fore
Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday ...
ABA Urges FinCEN to Refine SAR Burden Calculation Methodology
While the Financial Crimes Enforcement Network’s effort to calculate and evaluate the burden of filing Suspicious Activity Reports is a ...
CFPB Announces Pilot Program to Issue Binding Advisory Opinions
Under a new pilot program launched by the Consumer Financial Protection Bureau today, entities seeking to comply with existing regulations ...
CFPB to Issue Advisory Opinions, Encourage Self-Reporting
As part of its efforts to prevent consumer harm, the Consumer Financial Protection Bureau today announced that it will issue ...
