The Consumer Financial Protection Bureau today released several resources to help banks and other entities understand their obligations under the Home Mortgage Disclosure Act and Regulation C. The resources include a small entity compliance guide addressing the changes to the HMDA rule issued in October, instructions on data reporting and a “coverage chart” which helps institutions determine whether they are covered by Reg C.
FHFA released an FAQ on the recent announcement that Fannie Mae and Freddie Mac will expand credit scoring options. Fannie and Freddie have also created webpages about the planned implementation of the policy.
Industrial production (IP) rose 0.3% in June after remaining unchanged in April and May. For the second quarter as a whole, IP increased at an annual rate of 1.1%.
The Producer Price Index for final demand was unchanged in June, seasonally adjusted. On an unadjusted basis, the index for final demand rose 2.3% for the 12 months ended in June.
Huntington Bancshares, First Community and Civista Bancshares announce planned acquisitions in Texas, Georgia and Ohio.
As more older Americans are major targets for criminals, Safe Banking for Seniors is an effective program to inform and defend against targeted scams.
ABA shared several possible reforms for the Dodd-Frank Act as the law approaches the 15th anniversary of its enactment, saying changes are needed to mitigate its burdens on banks of all sizes.
