Browsing: Compliance


The Consumer Financial Protection Bureau today published Home Mortgage Disclosure Act modified loan application registers for approximately 5,400 financial institutions.


Federal Reserve Vice Chairman for Supervision Randal Quarles today defended the agency’s decision to hold the countercyclical capital buffer for banking organizations using the Basel III advanced approaches at zero percent for the third year in a row, noting that financial vulnerabilities remain within their normal range.


The Consumer Financial Protection Bureau is expected to issue a notice of proposed rulemaking this spring to address a number of issues related to debt collection, including communication practices and consumer disclosures, according to its annual report to Congress on the Fair Debt Collection Practices Act released today.


Responding to a request for feedback on consumer privacy legislation from Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), ABA today emphasized banks’ strong privacy and data security framework under the Gramm-Leach-Bliley Act and called for Congress to take an approach that ensures consistent privacy protections while promoting marketplace efficiency.

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