Federal Reserve Board Begins 2019 Survey of Consumer Finances
Every three years since 1983 the Federal Reserve Board has conducted a Survey of Consumer Finances. The survey results in providing data to show what... Read More
Federal Regulatory Developments
OCC Proposes Amendments to Company-Run Stress Testing Rules
On February 12, 2019, the OCC published a notice of proposed rulemaking and request for comment on a proposed rule that would amend the OCC’s... Read More
Federal Regulators Issue Final Rule on Private Flood Insurance
On February 13, 2019, the FDIC, OCC, the Federal Reserve Board, the NCUA, and the Farm Credit Administration issued a joint final private flood insurance... Read More
Agencies Issue Notice of Proposed Rulemaking on Regulatory Capital Rule
Recently, the OCC, Board of Governors of the Federal Reserve, and the FDIC issued a notice of proposed rulemaking concerning an alternative methodology to measure... Read More
CFPB Issues 2017 Fair Lending Report
On February 8, 2019, the CFPB reported in the Federal Register that it was issuing its sixth Fair Lending Report to Congress. Under Dodd-Frank, the... Read More
CFPB Alert Highlights New Protections for Servicemembers and Veterans
The CFPB recently issued an alert directed to servicemembers and veterans which highlights the additional protections provided by the Economic Growth, Regulatory Relief, and Consumer... Read More
NCUA and Federal Reserve Board Adjust Civil Monetary Penalties for Inflation
On February 6, 2019, the NCUA and the Federal Reserve Board each published a final rule in the Federal Register adjusting the maximum amount of... Read More
CFPB Proposes Amendments to Payday Rule and Its Compliance Date
On February 6, 2019, the CFPB released two Notices of Proposed Rule Making (NPRM). The first NPRM proposes to rescind certain underwriting provisions of the... Read More
House Financial Services Committee Requests Information from CFPB Related to Recent Settlements with Little or No Consumer Redress
On February 7, 2019, the House Financial Services Committee Chairwoman Maxine Waters and Chairman Al Green, who heads the Subcommittee on Oversight and Investigations, sent... Read More
CFPB Publishes 2019 Lists of Rural or Underserved Counties
The CFPB recently published its 2019 lists of rural or underserved counties. The lists are published annually by the agency. Some entities that conduct business... Read More
CFPB Publishes 2019 Reportable HMDA Data Reference Chart
The CFPB recently published the Reportable HMDA Data: A Regulatory and Reporting Overview Reference Chart for HMDA Data Collected in 2019. While not binding, the... Read More
CFPB Releases TRID Rule FAQs Regarding Corrected Closing Disclosures and Model Form Safe Harbor
The CFPB released TILA-RESPA Integrated Disclosure (TRID) Rule FAQs that clarify (1) when a creditor must provide a corrected Closing Disclosure three business days before... Read More
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