FFIEC Releases 2020 Edition of A Guide to HMDA Reporting: Getting It Right
The 2020 edition of the Guide to HMDA Reporting: Getting it Right! is now available. The 2020 edition is effective January 1, 2020, for HMDA... Read More
Federal Regulatory Developments
FDIC Announces Members for the Advisory Committee of State Regulators
The FDIC recently announced the initial members of its new Advisory Committee of State Regulators. The Advisory Committee was established on November 19, 2019, to... Read More
FTC Seeks Public Comment on Its Endorsement Guides
The FTC recently announced that it is seeking public comment on whether it should make changes to its Endorsement Guides, through which the FTC provides... Read More
FHA Lender Annual Recertification Due March 31, 2020
FHA’s annual recertification for lenders with a fiscal year ending December 31, 2019, is due no later than March 31, 2020. All FHA lenders are... Read More
FHFA Announces New Fannie Mae and Freddie Mac LIBOR Transition Milestones
The FHFA recently issued a news release that highlighted certain changes affecting single-family and multifamily adjustable-rate mortgage (ARM) products that Fannie Mae and Freddie Mac... Read More
FDIC Amends Securitization Safe Harbor Rule Disclosure Requirements
The FDIC recently adopted a final rule amending the Securitization Safe Harbor Rule (Rule) by removing disclosure requirements insured depository institutions (IDIs) were required to... Read More
FTC Fines Financial Services Comparison Website for Deceptive Rankings and Reviews
On February 3, 2020, the FTC filed an administrative complaint and proposed consent order against a website that provides comparisons for student loans and other... Read More
GSEs Publish Updated Interactive Version of Redesigned URLA
Fannie Mae and Freddie Mac (the GSEs) recently published an updated, interactive version of the redesigned Uniform Residential Loan Application (URLA). The interactive (i.e., fillable)... Read More
FDIC Issues Final Rules on Transferred OTS Regulations
The FDIC recently issued three final rules, each effective February 20, 2020, which primarily rescind and remove certain regulations transferred from the OTS to the... Read More
$7.5 Million FDIC CMP for Repeat BSA Violations
The FDIC recently disclosed that it entered into a consent order with a Delaware-based bank for a $7.5 million civil money penalty. The FDIC alleged... Read More
CFPB Adds New Members to Executive Team
The CFPB recently announced additions to its executive team. The leadership positions and members are as follows: Susan M. Bernard will serve as Assistant Director... Read More
Federal Reserve Publishes Survey on Bank Lending Practices
On February 3, 2020, the Federal Reserve published the January 2020 Senior Loan Officer Opinion Survey on Bank Lending Practices addressing changes in the standards,... Read More
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