Tag Archives: reporting

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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CFPB Proposes Corrections to HMDA Final Rule

Following outreach to industry stakeholders -- including ABA -- the Consumer Financial Protection Bureau today proposed a number of 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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CFPB Proposal Would Harmonize Reg B and C Compliance

The Consumer Financial Protection Bureau issued a proposal on Friday to provide flexibility for lenders around the collection of applicants' demographic data under the Home Mortgage Disclosure Act (Regulation C) and the Equal Credit Opportunity Act (Regulation B).

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FCA Has Yet to Respond to ABA Complaint About CoBank Loan

By Bert Ely As last month’s FCW reported, on December 1, the ABA sent a letter to Farm Credit Administration (FCA) chairman Dallas Tonsager registering ABA’s strong objection to CoBank’s participation in a $1.55 billion credit facility that had been extended to CyrusOne LP, the operating partnership of CyrusOne, Inc., a NASDAQ-listed Real Estate Investment Trust, or REIT. CoBank’s portion ...

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Fed to Evaluate Large Bank ‘Living Wills,’ Fintech in 2017

Speaking at a legal event in Washington, D.C., today, Federal Reserve General Counsel Scott Alvarez outlined several issues the agency will focus on in 2017, including certain regulatory relief measures and the entrance of nonbank fintech companies into the Federal Reserve System.

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