The banking agencies today issued revised examination procedures and exam manual narratives for consumer compliance rules under the Truth in Lending Act and the Real Estate Settlement Procedures Act — primarily related to the Consumer Financial Protection Bureau’s TILA-RESPA integrated disclosures taking effect Aug. 1.
Fed, FDIC withdraw statements on managing risks for crypto
The Federal Reserve and FDIC rescinded two joint statements issued under the Biden administration on the risk management obligations of financial institutions should they offer crypto-related services.