ABA Urges CFPB to Engage with Industry on Mobile Disclosures Research
The American Bankers Association last week wrote to the CFPB offering support for the bureau’s efforts to research how consumers...
Compliance and Risk
CFPB Issues Statement on Disaster, Emergency Supervisory Practices
The Consumer Financial Protection Bureau today issued a statement outlining its supervisory practices with regard to major disasters or emergencies.
Avoiding Fraudulent Transfer Claims from Loan Workouts
Here are five actions banks can take to stay out of trouble.
OCC’s Hsu: Improving CRA Is Urgent
Acting Comptroller of the Currency Michael Hsu said he “feels the urgency” to modernize the Community Reinvestment Act regulations as...
Biden Order Would Require Workers at Firms Employing 100+ to Be Vaccinated or Tested
President Biden announced a wide-ranging set of policies to address COVID-19, including a requirement that private-sector businesses with 100 or...
CFPB: Campus Credit Cards Continue to Decline
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline since the CARD Act was...
Ransomware Attacks Ramp Up
With ransomware attacks increasingly targeting significant infrastructure providers, it’s critical for banks to be prepared.
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...
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As expected, the CFPB has formally withdrawn a proposal that would extend the effective date of two final rules issued...
