ABA today commented on proposed changes to the TILA-RESPA integrated disclosures that would allow creditors to use either initial or corrected closing disclosures to reflect changes in costs for purposes of determining if an estimated closing cost was disclosed in good faith, regardless of when the closing disclosure was provided relative to consummation.
Browsing: TILA-RESPA integrated disclosures
Insights from a Fed/CSBS survey of the community bank scene.
Testifying on ABA’s behalf before a House Financial Services subcommittee yesterday, a midsize bank executive emphasized the importance of proposed legislation that would remove arbitrary asset thresholds that impose limits on growth.
The OCC is focusing on credit risk, compliance risk and strategic risk as its top supervisory priorities at community and midsize banks, according to the agency’s Semiannual Risk Perspective report released today.
The Consumer Financial Protection Bureau today finalized amendments to the TILA-RESPA integrated disclosure rule.
The Treasury Department tonight issued a 150-page report making dozens of recommendations for how Congress and regulatory agencies can streamline bank regulation in a way that promotes economic growth.
ABA today announced three new Endorsed Solutions at the association’s Regulatory Compliance Conference in Orlando, Fla. The new endorsements, made through ABA’s Corporation for American Banking subsidiary, include TILA-RESPA Integrated Disclosure compliance, compliance management software and website accessibility.
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA submitted two white papers to the Treasury Department today with recommendations for reforming current mortgage lending rules and regulations and the government-sponsored enterprises Fannie Mae and Freddie Mac.
Sens. Jerry Moran (R-Kan.), Jon Tester (D-Mont.), Thom Tillis (R-N.C.) and Heidi Heitkamp (D-N.D.) yesterday introduced the Community Lending Enhancement and Regulatory Relief Act (S. 1002), a package of financial regulatory relief measures targeted at community banks.