CFPB Proposes Delay to Effective Date of Debt Collection Rules
The Consumer Financial Protection Bureau will propose to extend the effective date of its two recent debt collection rules from...
Compliance and Risk
ABA Urges CFPB to Reconsider Extension of QM Rule Compliance Date
Delaying the mandatory compliance date of the new QM rules could “foster disruptive market confusion and complicate bank compliance efforts...
CFPB Issues Proposed Rule Prohibiting Foreclosure Notices Until Dec. 31
The Consumer Financial Protection Bureau today proposed to establish a temporary COVID-19 emergency pre-foreclosure review period under Regulation X that...
Ironing Out the Wrinkles in the Post-Libor Landscape
U.S. dollar Libor will officially come to an end starting this year. With just months to go in the transition...
Blanco to Step Down as FinCEN Director, Acting Director Announced
The Financial Crimes Enforcement Network director Ken Blanco will step down on April 9, the agency announced today.
CFPB Warns Servicers: Prepare to Assist Customers Exiting Forbearance
In a compliance bulletin issued today, the Consumer Financial Protection Bureau called on mortgage servicers to “take all necessary steps...
Supreme Court Ruling Protects Banks’ Ability to Contact Customers
In a significant win for bank customers, the Supreme Court today confirmed that customers can receive important communications from their...
FDIC Unveils Resource Page on Brokered Deposits, National Rate Cap
With the FDIC’s new rules on brokered deposits and interest rate restrictions now in effect, the agency this week unveiled...
FinCEN Seeks Input on Creation of Beneficial Ownership Database
As part of its efforts to implement provisions of the Anti-Money Laundering Act of 2021—the first significant changes to Bank...
A Third-Party Oversight Program That Works
A dedicated function with new tools, training and skills is necessary for effective oversight.
