CFPB to Conduct Five-Year Review of TILA-RESPA Integrated Disclosure Rule
The Consumer Financial Protection Bureau today published its plan for conducting a five-year assessment of the 2013 TILA-RESPA Integrated Disclosure rule.
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CFPB Updates Rulemaking Agenda
The Consumer Financial Protection Bureau today announced updates to its rulemaking agenda for 2019. Significantly, the bureau said that it is considering initiating a rulemaking or issuing guidance to address the interplay between Regulation Z and requirements under the Electronic Signatures in Global and National Commerce Act.
Slowing Global Growth, Trade Uncertainties Cited in FOMC Rate Cut Decision
Concerns about a slowdown in global growth and trade uncertainties remained prominent factors in the Federal Open Market Committee’s decision to cut interest rates by 25 basis points at the last FOMC meeting, according to minutes released yesterday.
McWilliams: Regulators Need to Support Bank Innovation Efforts
Regulators need to understand the pressures that banks face to innovate and support those efforts, FDIC Chairman Jelena McWilliams said today.
ABA Issues Recommendations to Promote Responsible Financial Data Sharing
In a statement submitted for the record in tomorrow’s House Financial Services Committee fintech task force hearing, ABA highlighted the importance of protecting consumers when they choose to share their financial data with third parties.
Otting, McWilliams Discuss Next Steps on CRA Modernization Effort
Comptroller of the Currency Joseph Otting is moving forward with issuing a long-awaited notice of proposed rulemaking that would modernize how the agency evaluates banks’ Community Reinvestment Act performance, he said today.
Banks Outpace Credit Unions in Consumer Satisfaction
For the first time in the history of the American Customer Satisfaction Index survey, customer satisfaction with banks exceeded satisfaction with credit unions, according to ASCI.
ABA Submits Feedback on Proposed Income Inclusion Regulations
ABA this week filed a comment letter on regulations proposed by the IRS on the timing of income inclusion under Section 451 of the Internal Revenue Code, as required by the tax reform law.
Agencies Finalize Proposed Rule Regarding Treatment of HVCRE
The FDIC, Federal Reserve and OCC today finalized a rule implementing a provision of the S. 2155 regulatory reform law regarding the treatment of high volatility commercial real estate.
FHFA to Re-propose GSE Capital Rule in 2020
Federal Housing Finance Agency Director Mark Calabria today signaled his intention to re-propose regulations for capital requirements for Fannie Mae and Freddie Mac.