The OCC today issued its long-awaited final rule making significant changes to the regulations implementing the Community Reinvestment Act—the first overhaul of the CRA framework in more than three decades.
The Consumer Financial Protection Bureau today said it would provide flexibility for creditors to resolve billing errors during the coronavirus pandemic.
To support bankers as they continue to manage and plan for new challenges, ABA will hold a national Risk and Compliance Virtual Conference on July 28-30.
Regulators will expect banks to be better prepared for the next crisis event, and they have offered guidance on how you should prepare.
Recognizing the operational challenges facing many institutions during the pandemic, the Office of Foreign Assets Control also encouraged banks to contact the office as soon as possible if they are experiencing difficulties meeting any of the deadlines for filing required reports.
To help financial institutions comply with consumer protection rules, the Federal Financial Institutions Examination Council today released two computational tools for annual percentage rates and annual percentage yields.
The Federal Financial Institutions Examination Council today released long-awaited updates to its Bank Secrecy Act/Anti-Money Laundering examination manual.
Violations of Regulation X–including the failure of some mortgage servicers to provide certain loss mitigation notices, providing incomplete notices or not providing notices within the time required–are among the examiner observations included in the Consumer Financial Protection Bureau latest “Supervisory Highlights” report.
During an often contentious hearing before the House Financial Services Committee today, Comptroller of the Currency Joseph Otting defended his agency’s proposed changes to the Community Reinvestment Act regulations.
The Consumer Financial Protection Bureau today issued a policy statement outlining how it intends to cite and challenge “abusive” conduct in supervision or enforcement actions.