Browsing: ECOA

Compliance and Risk

ABA today expressed its support for the Consumer Financial Protection Bureau’s proposal to harmonize borrower application data reporting requirements of the Equal Credit Opportunity Act (Regulation B) with new requirements under the Home Mortgage Disclosure Act (Regulation C).

Compliance and Risk

As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA today urged federal regulators and law enforcement to reign in disparate impact and redlining investigations that go beyond the law and Supreme Court precedent.

Compliance and Risk

ABA has published a free, members-only staff analysis of the Consumer Financial Protection Bureau’s recent proposal to provide flexibility for lenders around the collection of applicants’ demographic data under the Home Mortgage Disclosure Act (Regulation C) and the Equal Credit Opportunity Act (Regulation B).

Compliance and Risk ABA Compliance Center Inbox, January/February 2017

When Do I Need to Provide an Updated Closing Disclosure?  The TILA-RESPA integrated disclosures regulation set forth instances when a corrected closing disclosure and a restart of the three-business-day waiting period are required. Is re-disclosure required when there is a change to the loan amount that does not change the loan product, add a prepayment