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[ November 13, 2024 ] PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds FDIC
[ November 13, 2024 ] Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs Other
[ November 13, 2024 ] Two promoted to OCC deputy controllers for large bank supervision OCC
[ November 12, 2024 ] FDIC Board reportedly reaches ‘consensus’ on probe of execs over sexual harassment allegations FDIC
[ November 12, 2024 ] Consumer bureau identifies gaps in federal vs. states’ personal financial-data privacy protections, urges states to assess CFPB

‘Contracts for deed’ – often used where interest on loans banned – subject to protections, agency rules

August 21, 2024 0

So-called “contracts for deed” must comply with longstanding federal mortgage protections, such as the Truth in Lending Act (TILA), the federal consumer financial protection agency said Aug. 13 in an advisory opinion. The Consumer Financial […]

Small business lending filing instruction guide updated by agency

August 21, 2024 0

Compliance dates used in the filing instructions to correspond with new deadlines for the small business lending rule are published in the instructions guide issued Aug. 16 by the federal consumer financial protection agency. The […]

Agencies issue joint proposal for data standards rules for information they collect

August 9, 2024 0

Establishing data standards for the collection of information reported to federal financial institution regulators by financial entities under their jurisdiction is the aim of a joint notice of proposed rulemaking (NPR) issued by the agencies […]

CFPB, Fed join rulemaking on interoperability of data collected by financial regulators

August 2, 2024 0

Two federal financial regulators on Friday added their names to a joint proposed rule that would set data standards for certain information collections submitted to financial regulatory agencies. The proposal, issued just one day prior […]

CFPB: Financial firms whose nondisclosure agreements intimidate potential whistleblower activity risk violating CFPA

July 24, 2024 0

The risk that financial firms’ nondisclosure agreements with employees might scare employees away from reporting violations of federal consumer financial protection law – with such intimidation being a violation itself – is discussed in a […]

UPDATED: Proposal would subject many ‘paycheck advance’ programs to TILA, mandate disclosures

July 18, 2024 0

This article has been updated to include a link to the Federal Register notice and comment deadline. Ensuring workers know the cost and fees of “paycheck advance” products is the aim of an interpretive rule […]

Agencies finalize guidance on reconsiderations of value (ROVs) for real estate sales

July 18, 2024 0

Final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions were issued by all five federal financial institution regulators Thursday, the agencies announced in a joint release. According to the release, the guidance […]

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PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds

November 13, 2024 0

Republic First Bank became “critically undercapitalized” in April – which a dysfunctional board and management team exacerbated, ultimately leading to the bank’s failure, according to the material loss review published Wednesday by the federal insurer of bank deposits. The report, [...]
Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs

November 13, 2024 0

An alert to help financial institutions identify fraud schemes targeting them and that are associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools was issued Wednesday by Treasury’s financial crimes enforcement arm. The Financial Crimes [...]
Two promoted to OCC deputy controllers for large bank supervision

November 13, 2024 0

Two long-time bank examiners – Robert Barnes and Kevin Greenfield – were promoted to the posts of deputy comptrollers for large bank supervision, the Office of the Comptroller of the Currency (OCC) said Wednesday. The OCC said Barnes, a national [...]

‘Contracts for deed’ – often used where interest on loans banned – subject to protections, agency rules

Small business lending filing instruction guide updated by agency

Agencies issue joint proposal for data standards rules for information they collect

CFPB, Fed join rulemaking on interoperability of data collected by financial regulators

CFPB: Financial firms whose nondisclosure agreements intimidate potential whistleblower activity risk violating CFPA

UPDATED: Proposal would subject many ‘paycheck advance’ programs to TILA, mandate disclosures

Agencies finalize guidance on reconsiderations of value (ROVs) for real estate sales

UPDATED: Agencies jointly issue final automated valuation rule setting quality control standards for mortgage lenders

Home loan applications dipped in ’23, but share of purchase loans to Blacks, Asians, rose slightly

Proposed rule would require mortgage servicers to focus on helping borrowers, not foreclosing

PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds

Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs

Two promoted to OCC deputy controllers for large bank supervision