The role of artificial intelligence (AI) and, within it, machine learning (ML), in the credit underwriting process is under review at the Consumer Financial Protection Bureau (CFPB), which highlighted in a blog post Wednesday the […]
A June legal opinion from the federal credit union regulatory agency notes that the “reasonable proximity” requirement under the Federal Credit Union Act doesn’t set a maximum distance between the location of a group that […]
Financial institutions were urged to be alert to the financial “red flags” that may indicate COVID-19-related imposter scams or money mule schemes in a Treasury financial crimes enforcement unit advisory Tuesday that also gives instructions […]
Title: National Bank and Federal Savings Association Digital Activities Subject: Technology Agency: OCC Status: Advance notice of proposed rulemaking Summary: The Office of the Comptroller of the Currency (OCC) is interested in making sure it […]
Title: Activities and Operations of National Banks and Federal Savings Associations Subject: Bank, FSA operations Agency: OCC Status: Final rule Summary: The Office of the Comptroller of the Currency is issuing a final rule to […]
Title: Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance Subject: Flood insurance Agency: FDIC, Federal Reserve, NCUA, OCC Status: Notice and request for comment Summary: The OCC, Board, FDIC, […]
Management controls at the Asset Management and Assistance Center (AMAC) were shown to adequately protect personally identifiable information (PII) in liquidations of credit unions from 2008 to 2018, according to a report published recently by […]
Business lending data collection, Home Mortgage Disclosure Act data points, debt collection, and more are yet to come under the current rulemaking agenda of the Consumer Financial Protection Bureau (CFPB). The agenda is the bureau’s […]
A virtual “Innovation Office Hours” giving participants an opportunity to discuss with regulators issues that touch on consumer protection and prudential regulation will be hosted jointly July 29-30 by the Consumer Financial Protection Bureau (CFPB) […]
Federal banking agencies released their latest batch of Community Reinvestment Act (CRA) evaluation ratings Thursday, and of the 97 banks on the two lists, none was labeled for “substantial noncompliance.” Instead, 17 of the institutions […]
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