FFIEC Releases 2014 HMDA Data
The Federal Financial Institutions Examination Council today released the 2014 Home Mortgage Disclosure Act data on mortgage lending transactions at 7,062 financial institutions.
Browsing: Compliance and Risk
ABA FAQs Provide Answers to TRID Questions
With less than two weeks until the TILA-RESPA integrated disclosures take effect on Oct. 3, compliance officers can peruse ABA’s FAQ documents on TRID.
When is Free Not Really ‘Free’?
By Carl Pry
CFPB Updates Reg Z Dollar Thresholds
The Consumer Financial Protection Bureau today announced 2016 changes in dollar thresholds for several Regulation Z provisions governed by the CARD Act, the Home Ownership and Equity Protection Act and the Dodd-Frank Act.
U.S. Revises Cuba Sanctions Regulations
The Departments of the Treasury and Commerce announced additional revisions to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), building on changes announced by President Obama in December.
Report: FDIC Role ‘Inconsequential’ to Operation Choke Point
The FDIC played an “inconsequential” role in the Justice Department’s Operation Choke Point, according to a report today from the agency’s independent inspector general.
FinCEN Chief: ‘Unusual Number’ of Credit Unions Not Filing SARs, CTRs
Many credit unions have not filed any Bank Secrecy Act-mandated Suspicious Activity Reports or Currency Transaction Reports for the past two years, Financial Crimes Enforcement Network Director Jennifer Shasky Calvery told a credit union group yesterday.
CFPB Watchdog Highlights Inaccuracies in Consumer Complaints
The inspector general for the Consumer Financial Protection Bureau issued a report today spotlighting inaccuracies and process weaknesses in the CFPB’s consumer complaint database.
Hensarling Challenges Campus Banking Proposal
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) yesterday wrote to the Department of Education challenging its proposed rule that includes some provisions regulating campus bank accounts.
ABA, Housing Groups Seek More Clarity on TRID
ABA and several housing and financial trade groups yesterday asked the federal banking agencies to issue formal joint guidance through the Federal Financial Institutions Examination Council clarifying how they will examine compliance with the TILA-RESPA integrated disclosures after the new forms and processes take effect Oct. 3.