The 2024 compliance outlook
Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-transforming regulatory ...
Tag: FCRA
CFPB issues final rule on credit reporting protections for human trafficking survivors
The rule updates the Fair Credit Reporting Act’s implementing regulation to ensure it meets DBRA’s credit reporting requirements and that ...
ABA weighs in on CFPB’s human trafficking, credit reporting proposal
ABA today wrote to the CFPB in response to a recent proposal to implement a section of the 2022 National ...
Can We Block Credit Applications from Consumers Who Were Denied Because of a Credit Freeze?
…and other questions from ABA Regulatory Policy and Compliance Inbox
Compliance Priorities for 2021
In light of the challenges throughout 2020, a high compliance priority will be ensuring that your interactions with your borrowers ...
When Can My Bank Cease Compliance with the Remittance Transfer Rule?
. . . and other questions from the ABA Regulatory Policy and Compliance Inbox for November/December 2020.
CFPB Policy Statement Addresses Reporting of Consumer Credit Data During Pandemic
The Consumer Financial Protection Bureau today issued a policy statement regarding financial institutions’ reporting obligations under the Fair Credit Reporting ...
House Financial Services Committee Advances Credit Reporting Bills
The House Financial Services Committee last night approved several bills that would amend the Fair Credit Reporting Act and make ...
ABA: Proposed Legislation Would Degrade Credit Reports
In a memo to members of the House Financial Services Committee today, the American Bankers Association expressed opposition to several ...
Agencies Issue Advisory on Education Loan Rehabilitation Programs
The Federal Reserve and FDIC today issued an advisory on voluntary private education loan rehabilitation programs to alert banks to ...
