Top headlines in today’s news …
There may be a hearing ahead, but the Treasury Financial Crimes Enforcement Network (FinCEN) rule requiring financial institutions to verify the identity of beneficial owners at account opening takes effect today. So says a reminder […]
Six regulatory actions – including those proposed on “overdraft services” – have been moved to the “inactive list” the Bureau of Consumer Financial Protection (BCFP) notes in its spring 2018 rulemaking agenda released Thursday. “The […]
A final rule removing a timing restriction for mortgage closing disclosures – referred to within the industry as a TILA/RESPA “black hole” – that could prevent a lender from charging otherwise valid closing cost increases is set […]
More than 3,000 comment letters have been submitted on the dozen “requests for information” issued by the federal consumer financial protection agency since January – but more than three out of every four letters address […]
A hearing on the nominations for two members for the Federal Reserve’s board of governors will be held May 15 by the Senate Banking Committee, the panel said in a statement Tuesday. The committee will […]
The House, voting 234 to 175, on Tuesday adopted a Senate-passed resolution to repeal 2013 guidance from the Bureau of Consumer Financial Protection (BCFP) on indirect auto lenders’ compliance with federal fair lending requirements. The […]
Currency transaction reports (CTRs) will transition to a new format June 1, according to a reminder issued Tuesday by the Financial Crimes Enforcement Network (FinCEN) for batch CTR e-filers. Financial institutions that batch file must […]
Financial institution “regulatory relief” will proceed on two fronts in the House this month – including action on legislation already approved by the Senate, and an additional separate piece of legislation, leaders said Tuesday. In […]
Total originated home loans fell by about 12.4% (or more than 1 million) in 2017 from the previous year, according to mortgage lending transactions data released Monday by federal financial institution regulators. The Federal Financial […]
The House is scheduled to vote as early as Tuesday on a Senate-passed resolution to repeal 2013 guidance from the Bureau of Consumer Financial Protection (BCFP) on indirect auto lenders’ compliance with federal fair lending […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info