In light of the challenges throughout 2020, a high compliance priority will be ensuring that your interactions with your borrowers are above reproach.
. . . and other questions from the ABA Regulatory Policy and Compliance Inbox for November/December 2020.
The Consumer Financial Protection Bureau today issued a policy statement regarding financial institutions’ reporting obligations under the Fair Credit Reporting Act during the coronavirus pandemic.
The House Financial Services Committee last night approved several bills that would amend the Fair Credit Reporting Act and make changes to the credit reporting process.
In a memo to members of the House Financial Services Committee today, the American Bankers Association expressed opposition to several bills that would amend the Fair Credit Reporting Act and make changes to the credit reporting process.
The Federal Reserve and FDIC today issued an advisory on voluntary private education loan rehabilitation programs to alert banks to an amendment to the Fair Credit Reporting Act that was included in the S. 2155 regulatory reform law.
In a 6-2 decision, the Supreme Court today affirmed the principle that plaintiffs seeking to bring class actions in federal court must demonstrate concrete and particular “injury in fact” in order to have standing.
A new report from the Federal Trade Commission outlines several risks related to discrimination for companies using “big data” to make decisions about credit, employment and marketing.
In response to recent questions from member banks, ABA today issued a staff analysis providing clarity on new exception to the annual privacy notice requirement recently signed into law.
ABA is actively involved in several important cases impacting banking during the fall term of the U.S. Supreme Court.