Domestic banks responding to the Federal Reserve’s July senior loan officer opinion survey reported tightened standards over the past three months across all three major commercial real estate (CRE) loan categories – construction and land […]
(Updated Aug. 5, 2019) The federal regulator of credit unions wants to add two questions to NCUA Form 4501A, Credit Union Profile, to evaluate industry-wide exposure to single- and multi-employer defined benefit plans, according to […]
The deadline for public comments on proposed revisions to Fair Debt Collection Practices Act (FDCPA) regulations has been extended to Sept. 18, according to a Federal Register notice filed by the Consumer Financial Protection Bureau (CFPB). […]
Guidelines in place now for banking institutions seeking to be evaluated under the Community Reinvestment Act (CRA) using the strategic plan option, or seeking approval to amend an approved CRA strategic plan, were outlined in […]
The dollar-amount thresholds that trigger various penalty and disclosure requirements under Regulation Z, implementing the Truth in Lending Act (TILA), have been adjusted effective Jan. 1, 2020, by the Consumer Financial Protection Bureau (CFPB) through […]
Guidelines for national banks, federal savings associations, and federal branches of foreign banking organizations seeking designations as a wholesale or limited purpose bank for Community Reinvestment Act (CRA) purposes, or requesting confirmation of an exemption […]
A realignment of approximately 150 staff members to create two new units, consolidating bank supervision support, risk analysis, and oversight of national trust banks and significant service providers – all set to take effect Oct. 1 – […]
Proposed changes released in May to set the coverage threshold for home loan data reporting at either 50 or 100 closed-end mortgage loans, in either of the two preceding years, and set the threshold for […]
Input on a consumer bureau advance notice of proposed rulemaking (ANPR) on potential changes to the definition of “qualified mortgage” (QM) in light of the planned expiration of a temporary QM category for agency loans […]
Title: Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z) Subject: Qualified mortgage Agency: CFPB Status: ANPR Summary: With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of […]
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