The FDIC yesterday issued revised interagency examination procedures for the TILA-RESPA integrated disclosures now proposed to take effect on Oct. 3. The procedures also include updates related to the Consumer Financial Protection Bureau’s ability-to-repay, servicing and high-priced mortgage loan rules.
The CFPB is withdrawing a proposed rule to prevent financial institutions from charging nonsufficient funds fees for transactions that are instantaneously declined.
Consumer inflation expectations in December 2024 were unchanged at the short-term horizon, increased at the medium-term horizon and decreased at the longer-term horizon, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations.
The CFPB is proposing a new rule to prohibit contractual provisions in agreements for consumer financial products or services that waive “substantive” consumer legal rights and protections.
The CFPB announced the annual threshold adjustments for asset-size exemptions from Regulation C, which implements the Home Mortgage Disclosure Act, and Regulation Z, which implements the Truth in Lending Act.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of California affected by the recent wildfires.
ABA and 52 state bankers associations are urging President-elect Trump to halt work on all open regulatory actions during his first day in office and conduct a comprehensive review of regulations created in the past four years.
