The Consumer Financial Protection Bureau today released a set of frequently asked questions that provide an overview of the provisions included in Section 8 of the Real Estate Settlement Procedures Act and the respective anti-referral fee sections in Regulation X.
The Consumer Financial Protection Bureau today issued a policy statement outlining how institutions may apply for early termination of a consent order and how the CFPB will evaluate early termination applications.
In a comment letter to the CFPB today, ABA supported a recent proposal to create a new category of “seasoned” qualified mortgages.
The Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure Rule “appears to have created sizable implementation costs for lenders,” the bureau concluded in its five-year lookback assessment of the 2015 rule.
The Federal Reserve today issued an advance notice of proposed rulemaking on updating the agency’s three-decade-old Community Reinvestment Act regulations.
The American Bankers Association today expressed support for the Consumer Financial Protection Bureau’s proposed advisory opinion program, which would allow entities seeking to comply with existing regulations to request an advisory opinion from the bureau to address areas of uncertainty.
The Financial Crimes Enforcement Network today issued a statement describing its approach to Bank Secrecy Act enforcement and the factors it evaluates in determining the appropriate response to and enforcement of BSA violations.
A small shift in how you think about your vendors can make a big difference.
Thomas Healy, CRCM and VP, enterprise compliance at USAA, received the Distinguished Service Award for compliance during ABA’s Risk and Compliance Virtual Conference this week.
Prior to Dodd-Frank, federal law often preempted state law. Under the new analysis, that is generally no longer the case. As a result, banks of all sizes and charters have had to pay more attention to state law.