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Final Rule To Help Mortgage Servicers Communicate With Certain Borrowers Facing Bankruptcy
March 8, 2018 / Source: CFPB
CFPB Issues Final Rule To Help Mortgage Servicers Communicate With Certain Borrowers Facing Bankruptcy MAR 08, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a final rule to help mortgage servicers communicate with certain borrowers facing bankruptcy. The final rule gives mortgage servicers more latitude in providing periodic statements to consumers entering…
CFPB Issues Request For Information On Rulemaking Processes
March 8, 2018 / Source: CFPB
CFPB Issues Request For Information On Rulemaking Processes MAR 07, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) about the Bureau’s rulemaking processes. The Bureau is seeking comments and information from interested parties to help assess the overall efficiency and effectiveness of its rulemaking processes. This is…
FDIC Announces Settlement with The Bancorp Bank
March 8, 2018 / Source: FDIC
Press Releases FDIC Announces Settlement with The Bancorp Bank, Wilmington, Delaware, for Unfair and Deceptive Practices Harmed consumers to receive approximately $1.3 million in restitution FOR IMMEDIATE RELEASE March 7, 2018 Media contact: LaJuan Williams-Young 202-898-3876 (office) [email protected] The Federal Deposit Insurance Corporation (FDIC) announced a settlement with The Bancorp Bank, Wilmington, Delaware, relating to…
Federal Reserve Board requests comments on amendments to simplify Regulation J
March 7, 2018 / Source: FRB
Press Release March 06, 2018 Federal Reserve Board requests comments on amendments to simplify Regulation J and make it conform more closely with Regulation CC For release at 12:00 p.m. EST The Federal Reserve Board on Tuesday requested comment on amendments to simplify Regulation J (Collection of Checks and Other Items by Federal Reserve Banks…
FFIEC Revised A Guide to HMDA Reporting: Getting It Right!
March 7, 2018 / Source: FDIC
Financial Institution Letters FIL-10-2018 March 5, 2018 FFIEC Revised A Guide to HMDA Reporting: Getting It Right! Printable Format: FIL-10-2018 – PDF (PDF Help) Summary: The Federal Financial Institutions Examination Council (FFIEC) has revised A Guide to HMDA Reporting: Getting It Right! to reflect the October 2015 Home Mortgage Disclosure Act (HMDA) final rule, as amended in 2017. This compliance…
FDIC Issues List of Banks Examined for CRA Compliance
March 6, 2018 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE March 5, 2018 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the…
OCC Hosts Mutual Savings Association Advisory Committee Meeting on March 21
March 6, 2018 / Source: OCC
NR 2018-24 FOR IMMEDIATE RELEASE March 5, 2018 Contact: Stephanie Collins (202) 649-6870 OCC Hosts Mutual Savings Association Advisory Committee Meeting on March 21 WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Wednesday, March 21, 2018, beginning…
FDIC Provides Q&As for Consumers as Part of National Consumer Protection Week
March 5, 2018 / Source: FDIC
Press Releases FDIC Provides Q&As for Consumers as Part of National Consumer Protection Week FOR IMMEDIATE RELEASE March 5, 2018 Media contact: Jay Rosenstein (202) 898-7303 [email protected] In observance of National Consumer Protection Week (NCPW) March 4-10, 2018, the FDIC will post a new question and answer (Q&A) on a different banking topic each weekday…
FDIC Consumer News Features Tips on Protecting Assets
March 5, 2018 / Source: FDIC
Press Releases FDIC Consumer News Features Tips on Protecting Assets FOR IMMEDIATE RELEASE March 5, 2018 Media contact: Jay Rosenstein (202) 898-7303 [email protected] It's always important for consumers to save money for their future, keep banking and borrowing costs down, and guard their possessions from high-tech thieves in today's digital world. The Winter 2018 FDIC Consumer News includes…
CFPB Issues Request For Information On Consumer Complaint Reporting
March 2, 2018 / Source: CFPB
CFPB Issues Request For Information On Consumer Complaint Reporting MAR 01, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) about the Bureau’s public reporting of consumer complaints. The Bureau is seeking comments and information from interested parties on the usefulness of complaint reporting and analysis, as well…
Fed prepares for next phase of payments security effort as Secure Payments Task Force concludes
March 2, 2018 / Source: FRB
Press Release March 01, 2018 Fed prepares for next phase of payments security effort as Secure Payments Task Force concludes For release at 3:00 p.m. EST The Secure Payments Task Force will conclude its efforts in March with a final publication consisting of a collection of educational materials outlining the lifecycles and security profiles of…
Agencies communicate updated expectations for next resolution plans of two domestic banks
March 2, 2018 / Source: FRB
Press Release March 01, 2018 Agencies communicate updated expectations for next resolution plans of two domestic banks For release at 4:30 p.m. EST The Federal Deposit Insurance Corporation and the Federal Reserve Board on Thursday communicated updated expectations for the next resolution plans of two domestic banks, CIT and Citizens Financial Group. The expectations are…
PRs FDIC Issues CRA Examination Schedules for Second and Third Quarter 2018
March 1, 2018 / Source: FDIC
Press Releases FDIC Issues CRA Examination Schedules for Second and Third Quarter 2018 FOR IMMEDIATE RELEASE February 28, 2018 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second and third quarters of 2018. CRA…
PayPal Settles FTC Charges
March 1, 2018 / Source: FTC
PayPal Settles FTC Charges that Venmo Failed to Disclose Information to Consumers About the Ability to Transfer Funds and Privacy Settings; Violated Gramm-Leach-Bliley Act February 27, 2018 The Federal Trade Commission has reached a settlement with PayPal, Inc. over allegations that the company told users of its Venmo peer-to-peer payment service that money credited to…
Normal C/A hours on Wednesday, February 21
February 20, 2018 / Source:
We were planning to be out of the office all morning today, but because of weather concerns we are rescheduling our community restoration day. Our office will have normal hours all day on Wednesday, February 21, 2018 (7 AM – 6 PM CT). —Sincerely, The Compliance Alliance Team
What Do You Mean Claim Isn’t Covered Webinar is Now Available!
February 16, 2018 / Source:
What Do You Mean Claim Isn't Covered Webinar is now available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
House approves changes to TRID rule, loan originator licensing rules
February 16, 2018 / Source: Housingwire
The House of Representatives last night approved a bill that could bring big changes to the mortgage industry, including making it easier for loan originators to move from a traditional bank to a nonbank. The bill would also bring changes to the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called…
OCC Enforcement Actions and Terminations for February 2018
February 16, 2018 / Source: OCC
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the…
February Compliance Huddle is Now Available
February 15, 2018 / Source:
February Compliance Huddle is now available to view. February Compliance Huddle 2018
February Back to Basics Adverse Action Webinar 2018 is Now Available!
February 9, 2018 / Source:
February Back to Basics Adverse Action Webinar is now available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
January Large Bank Compliance Huddle is Now Available
January 26, 2018 / Source:
January Large Bank Compliance Huddle is now available to view. January Compliance Huddle 2017
HMDA 2018 Webinar is Now Available!
January 19, 2018 / Source:
HMDA 2018 Webinar is now available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
January Compliance Huddle is Now Available
January 12, 2018 / Source:
January Compliance Huddle is now available to view. A monthly, peer-to-peer forum that is driven by the topics and issues that attendees wish to talk about and explore. January Compliance Huddle 2018
January Back to Basics Webinar 2018 is Now Available!
January 11, 2018 / Source:
January Back to Basics Fraud Webinar is now available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
FFIEC Finalizes June 2017 Proposed Revisions to Streamline the “Call Report”
January 3, 2018 / Source: FFIEC
Press Releases Press Release For Immediate Release January 3, 2018 FFIEC Finalizes June 2017 Proposed Revisions to Streamline the “Call Report” The three federal banking agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), have finalized a proposal issued in June 2017 to reduce the reporting burden associated with the preparation and filing…