CFPB Issues Final Rule Amending Mortgage Servicing Rule
The Consumer Financial Protection Bureau today issued a 900-page final rule amending its mortgage servicing rules.
Compliance and Risk
Agencies ‘Strongly Encourage’ Bank Diversity Self-Assessments
The federal banking agencies said today that they are now urging banks to conduct voluntary diversity self-assessments.
Under Criticism, FDIC Amends Exam Appeals Process
The FDIC board today voted to propose amendments to its supervisory guidelines that would expand banks’ rights to appeal exam...
CFPB Proposes Feedback Mechanism for Consumer Complaint Handling
The CFPB today announced plans to change the “dispute” function in its consumer complaint database to allow complainants to take...
CFPB Proposes Amendments to TRID Rule
The Consumer Financial Protection Bureau today proposed certain changes to the TILA-RESPA integrated disclosures, including some advocated by ABA to...
FinCEN Expands Scope of Geographic Targeting Orders
The Financial Crimes Enforcement Network today expanded the scope of its Geographic Targeting Orders temporarily requiring certain U.S. title insurance...
Study: Community Banks Persist in Mortgage Servicing
Community financial institutions have expanded their share of the mortgage servicing market since 2008, even as new servicing rules and...
ABA Calls for Changes to Midsize Bank Stress Test Requirements
In a comment letter to federal regulators today, ABA provided recommendations for improving the stress testing process for midsize banks...
Agencies Issue Final Updates to CRA Q&As
The federal banking agencies issued revised questions and answers today on Community Reinvestment Act compliance. In their final guidance, the...
ABA Supports Bill Slowing Overtime Rule Implementation
ABA today wrote to Rep. Kurt Schrader (D-Ore.) in support of his Overtime Reform and Enhancement Act, which would provide...
