Tag Archives: reporting

CFPB Harmonizes Regs B and C

The Consumer Financial Protection Bureau today modified the Equal Credit Opportunity Act (Regulation B) to provide flexibility for lenders around the collection of applicants’ demographic data under the Home Mortgage Disclosure Act (Regulation C).

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ABA Concerned about Feasibility of Small Biz Data Collection

As the Consumer Financial Protection Bureau prepares to implement Section 1071 of the Dodd-Frank Act -- which calls for the bureau to collect data on women-owned, minority-owned and small businesses -- ABA expressed concern today that the data collection will prove unable to fulfill its statutory objectives of providing insight on fair lending and community development needs.

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FFIEC Launches New Outreach Website

To help facilitate the sharing of information between banks, regulators, consumers and other industry stakeholders, the Federal Financial Institutions Examination Council has launched a new outreach website.

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EEOC Halts Implementation of New EEO-1 Form Pending OMB Review

The Equal Employment Opportunity Commission on Tuesday announced that it would postpone the effective date of changes to the EEO-1 report that were finalized last September while the Office of Management and Budget conducts a review to determine whether the revised form meets the standards of the Paperwork Reduction Act.

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ABA Weighs in on Proposed Call Report Revisions

The American Bankers Association today responded to the regulatory agencies’ request for comment on further revisions to the Call Report that would simplify the report for banks by removing or consolidating a number of existing data items, reducing the reporting frequency for other data items and increasing certain reporting thresholds.

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CFPB Finalizes HMDA Technical Corrections, HELOC Reporting Threshold

The Consumer Financial Protection Bureau today issued a final rule making several technical corrections and clarifications to the expanded data collection under Regulation C, which implements the Home Mortgage Disclosure Act, as well as temporarily raising the threshold at which banks are required to report data on home equity lines of credit.

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ABA Recommends Changes to BSA/AML Regulations

In a comment letter to the Treasury department yesterday, ABA provided extensive feedback on several Bank Secrecy Act and anti-money laundering regulations that could be eliminated, modified or streamlined to reduce the compliance burden on banks in response to an executive order issued by President Trump earlier this year.

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