Calling it a “first,” the CFPB has issued a “no-action” letter to a California company that evaluates loan applications using “alternative data” rather than traditional methods in the agency’s efforts to learn more about how […]
Flood Disaster Protection Act, Bank Secrecy Act, Fair Lending, Home Mortgage Disclosure Act, Community Reinvestment Act, and other major compliance risks and critical regulations are the topics of workshops for bank and thrift directors sponsored […]
The House approved a spending plan Thursday that no longer includes a provision rolling the NCUA budget under the congressional appropriations process. On Wednesday, lawmakers approved an amendment to the 2018 Department of the Interior, Environment, […]
Community Reinvestment Act (CRA) regulations would be amended to conform to changes made this summer by the CFPB to its Regulation C (Home Mortgage Disclosure Act) and set to take effect Jan. 1, under a […]
New examiner transaction testing guidelines for Home Mortgage Disclosure Act (HMDA) data go into effect Jan. 1, with fewer credit unions required to correct and resubmit their HMDA Loan Application Registers (LARs), NCUA points out […]
The recovery from the housing meltdown of 2007-10 has been “uneven and painful” for communities of color, and it may take generations to restore what was lost, the director of the CFPB said Tuesday. In […]
Banks, auto lenders, credit card companies, debt collectors, mortgage lenders, and more are singled out for “illegal practices” against consumers in a CFPB report summarizing the bureau’s recoveries in the first half of the year. […]
The threshold for collecting and reporting data about open-end lines of credit will increase for some financial institutions for a two-year period, beginning Jan. 1, according to a final rule scheduled to be published by […]
Following the Oct. 2 release of its 2018-19 proposed budget, NCUA plans for an Oct. 18 public briefing on its spending plan, with an aim of “budget transparency” according to Board Chairman J. Mark McWatters. […]
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