CFPB Guidance Reiterates Changed Approach to RESPA Section 8
The Consumer Financial Protection Bureau issued a bulletin today describing its findings that Marketing Services Agreements are often used as...
Compliance and Risk
House Passes TRID Grace Period Through Feb. 1
By a bipartisan 303-121 vote, the House last night passed H.R. 3192, which would provide a safe harbor from enforcement...
CFPB Outlines Initial Plans to Curtail Arbitration Agreements
The Consumer Financial Protection Bureau today unveiled a plan that would prohibit customers from waiving their ability to participate in...
Fannie, Freddie Issue Guidance on TRID Compliance, Putbacks
Fannie Mae and Freddie Mac yesterday issued letters to the mortgage lenders they work with explaining their posture toward compliance...
Keating, Cordray Author Joint Op-Ed on Senior Banking
Highlighting the banking industry’s strong shared commitment with financial regulators to stop elder financial abuse and fraud, ABA President and...
Cordray Discusses Improvements in Payments System
Consumer Financial Protection Bureau Director Richard Cordray focused on payments in his remarks at a meeting with the Community Bank...
Bipartisan ABA-Backed Bills Coming to Vote This Week
The full House is expected to vote this week on two bipartisan bills that are part of ABA’s Agenda for...
Is This UDAAP or Not?
By Lyn Farrell
FinCEN Withdraws Proposed Rulemaking against Lebanese Canadian Bank SAL
The Financial Crimes Enforcement Network (FinCEN) is withdrawing its proposed rulemaking to impose special measures against Lebanese Canadian Bank SAL...
ABA Advocacy Yields TRID Compliance Clarifications
Responding to multiple letters and aggressive advocacy by ABA, top regulators yesterday clarified their approach to assessing compliance with the...
