Agency Guidelines on HMDA Data Testing Fall Harder on Smaller Lenders
The federal banking agencies today issued guidelines for how examiners will test the accuracy of data collected and reported by...
Compliance and Risk
ABA to CFPB: Process for Overdraft Study, Forms Falls Short
The Consumer Financial Protection Bureau must base its studies of overdrafts on current, rigorous data and adopt any new disclosures...
In First Step to Simplify Capital Rules, Agencies Pause Basel III Phase-In for Most Banks
The Federal Reserve, FDIC and OCC today issued a proposed rule that would pause the transition to the Basel III...
FinCEN Expands Geographic Targeting Orders to Include Honolulu
The Financial Crimes Enforcement Network today further expanded the scope of its geographic targeting orders temporarily requiring certain U.S. title...
OCC Issues Guidance on Programs for Home Loans with Over 100 Percent LTV
Noting that in many communities persistently depressed home prices are hindering recovery, the OCC today issued guidance for OCC-regulated banks...
Justice Department Formally Ends ‘Operation Choke Point’
In a letter to House Judiciary Committee Chairman Bob Goodlatte (R-Va.) yesterday, a Department of Justice official formally confirmed that...
ABA Supports Changes to CFPB’s Prepaid Card Rule
ABA yesterday provided feedback on the Consumer Financial Protection Bureau’s proposed changes to its final rule on prepaid products.
CFPB Proposes New Disclosure Form for Overdraft Fees
The Consumer Financial Protection Bureau today released four new “prototype” overdraft disclosure forms as part of its “Know Before You...
Fed Proposes New SIFI Risk Rating System
The Federal Reserve today proposed a new supervisory rating scale for large bank holding companies with more than $50 billion...
