FDIC Adopts Supervisory Guidance on Model Risk Management
The FDIC today announced that it is adopting the supervisory guidance on managing “model risk” that was previously issued by...
Compliance and Risk
Agencies Clarify Interpretation on Lender-Placed Flood Insurance
In response to a query by ABA staff, the federal banking agencies recently provided clarifications on whether a lender charging...
Updates to Reg CC Encourage Faster Check Processing, Include Electronically-Created Items
The Federal Reserve today announced long-awaited changes to certain sections of Regulation CC, which implements the Expedited Funds Availability Act.
Agencies Remind Banks of Appraisal Waiver Process
With financial institutions -- especially those in rural areas -- facing a critical shortage of qualified appraisers that is slowing...
ABA Posts FAQs on Successor-in-Interest Servicing Issues
To help bankers as they prepare to comply with the operationally complex “successor-in-interest” provisions of the Consumer Financial Protection Bureau’s...
CFPB to Assess Effectiveness of Qualified Mortgage Rule
The Consumer Financial Protection Bureau today released a plan to assess the effectiveness of its final Ability-to-Repay/Qualified Mortgage rule.
ABA: Proposed HMDA Changes Warrant Further Discussion
In a comment letter today, the American Bankers Association provided feedback on the Consumer Financial Protection Bureau’s proposed technical changes...
OCC Updates Policies Related to Violations of Laws, Regulations
The OCC today announced that it is updating several agency policies and processes related to violations of laws and regulations.
ABA Calls on CFPB to Examine Consumer Access to Remittance Services
As the Consumer Financial Protection Bureau prepares to assess the effectiveness of its final rule governing remittance transfers, ABA called...
Acosta: No Additional Delay for Fiduciary Rule
Labor Secretary Alexander Acosta today announced that the Department of Labor will not delay the June 9 effective date for...
