ABA President and CEO Rob Nichols, along with senior ABA staff, discussed key issues and regulatory concerns in a roundtable meeting with new CFPB Director Kathy Kraninger and key members of her staff on Thursday. Representatives from the Independent Community Bankers Association and two national credit union trade groups also participated. Participants discussed industry concerns about
The rule affects compliance, operations, IT, investors, and anyone else involved in the mortgage loan environment.
The rapid pace of change will continue in 2019, ABA policy staff project.
The Consumer Financial Protection Bureau has released its policy guidance describing the Home Mortgage Disclosure Act loan-level data it plans to publicly release in 2019.
In a comment letter last week, the American Bankers Association urged the Consumer Financial Protection Bureau to operate transparently in its collection and use of data and to adopt safeguards to ensure it does not order the production of data that is overly broad, voluminous or duplicative.
Newly sworn-in Consumer Financial Protection Bureau Director Kathy Kraninger will focus on data security and privacy in her early days in office, she said at a press briefing on her first day at the bureau this afternoon.
The Consumer Financial Protection Bureau yesterday updated its rulemaking agenda for the remainder of 2018.
In a letter to the Consumer Financial Protection Bureau today, the American Bankers Association shared a number of concerns bankers have raised recently about complying with the bureau’s expanded Home Mortgage Disclosure Act data collection requirements.
The Consumer Financial Protection Bureau today issued an interpretive rule clarifying several changes to Home Mortgage Disclosure Act regulations made under S. 2155, the bipartisan regulatory reform law.
The Consumer Financial Protection Bureau, FDIC and OCC today each issued statements acknowledging the partial exemptions granted under S. 2155 — the new regulatory reform law — for certain Home Mortgage Disclosure Act data reporting requirements for some insured depository institutions and credit unions.