OCC Formally Proposes to Rescind 2020 CRA Rules
As expected, the OCC today formally proposed to rescind the OCC’s 2020 Community Reinvestment Act rule with rules based on...
Compliance and Risk
FHFA to Require Race-Conscious Housing Plans from Fannie Mae, Freddie Mac
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will be required to submit annual “equitable...
CFPB Withdraws Extension for Debt Collection Final Rules
As expected, the CFPB has formally withdrawn a proposal that would extend the effective date of two final rules issued...
Are Mobile Homes ‘Permanent’ Under Federal Flood Regulations?
Questions and answers from the July/August 2021 ABA Regulatory Policy and Compliance Inbox.
Court Denies Payday Lenders’ Challenge to CFPB Small-Dollar Rule, Sets Compliance Date
A federal district court on Tuesday denied payday lenders’ challenge to the CFPB’s 2017 small-dollar lending rule.
FBI Warns of Ransomware Attacks Targeting Agriculture Sector
The FBI recently released an alert warning that ransomware attacks targeting the food and agriculture sector are disrupting operations, causing...
Federal, State Regulators Issue Joint Statement on California Wildfires
With many communities in California affected by wildfires, federal and state financial regulatory agencies today issued a joint statement encouraging...
Finding Compliant Ways to Use Consumer Data to Better Serve Consumers
Consumer data privacy concerns have some banks shifting their focus from customer acquisition to retention.
Federal, State Regulators Issue Joint Statement on Hurricane Ida
With many communities in Louisiana and surrounding states receiving serious damage from Hurricane Ida, federal and state financial regulatory agencies...
Banking Agencies Release Guide on Fintech, Community Bank Partnerships
The federal banking agencies today released a guide to help community banks asses risks when considering partnerships with fintech companies.
