The OCC today updated its Comptroller’s Handbook guidance on residential mortgages, replacing previous guidance and exam procedures issued in 1990, 1998 and 2011. The new booklet consolidates national bank and thrift guidance; provides examiner guidance on assessing residential real estate risk management; includes changes to production, servicing, collections and foreclosures; and incorporates the CFPB’s mortgage rules.
In a court filing, the CFPB said its leadership has directed staff to initiate new rulemaking to implement Section 1071 of the Dodd-Frank Act and plans to soon release a proposal to possibly replace or change its current...
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $122.7 billion in December, down $9.0 billion from $78.9 billion in February, revised.
The Treasury Department announced it is planning events, initiatives and public engagement opportunities throughout April as part of National Financial Literacy Month.
FS-ISAC released a report on how financial institutions can strengthen collaboration between their cybersecurity, fraud, financial crime and anti-money laundering teams.
The ISM services index decreased 2.7% from the prior month to land at 50.8% in March, the Institute for Supply Management said. Readings over 50% indicate expansion.
The Senate Banking Committee voted along party lines to advance the nominations of former FDIC board member Jonathan Gould to be comptroller of the currency and Paul Atkins to be chair of the SEC.
