To help facilitate the sharing of information between banks, regulators, consumers and other industry stakeholders, the Federal Financial Institutions Examination Council has launched a new outreach website. Among other things, the site provides access to past informational webinars and links to various reporting forms, consumer resources and cybersecurity and IT tools.
ABA offers fixes for small-business lending data collection rule
In a letter, ABA said it is pleased with the CFPB's proposal to revise its small-business lending data rule and offered several recommendations to reduce the compliance burden for banks.