On May 20, 2020, the Federal Reserve Board (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the Office of the Comptroller of the Currency (“OCC”), and the National Credit Union Administration (“NCUA”) (together,...more
In response to the global COVID-19 crisis, US federal financial regulators are taking important actions that affect US and non-US financial institutions, other financial services providers, consumers, and the US and global...more
5/2/2020
/ Banks ,
CFTC ,
Comment Period ,
Coronavirus/COVID-19 ,
FDIC ,
Federal Loans ,
Financial Regulatory Agencies ,
Foreign Banks ,
FRB ,
Midsize and Large Business Loans ,
OCC ,
Paycheck Protection Program (PPP) ,
Popular ,
Public Comment ,
Publicly-Traded Companies ,
Relief Measures ,
SBA ,
Securities and Exchange Commission (SEC) ,
Small Business Loans ,
State of Emergency ,
Volcker Rule
In response to the global COVID-19 crisis, US federal financial regulators are taking important actions that affect US and non-US financial institutions, other financial services providers, consumers, and the US and global...more
4/28/2020
/ Banks ,
CFTC ,
Coronavirus/COVID-19 ,
DSIO ,
Financial Institutions ,
Financial Regulatory Agencies ,
FRB ,
OCC ,
Regulatory Oversight ,
Relief Measures ,
Securities and Exchange Commission (SEC)
In response to the global COVID-19 crisis, US federal financial regulators are taking important actions that affect US and non-US financial institutions, other financial services providers, consumers, and the US and global...more
4/22/2020
/ Appraisal ,
Borrower Protection Programs ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Deferred Action ,
FDIC ,
FHFA ,
Financial Services Industry ,
FRB ,
HMDA ,
NCUA ,
OCC ,
Paycheck Protection Program (PPP) ,
Real Estate Transactions ,
Relief Measures ,
Temporary Regulations
The CFPB has traditionally not prioritized marketplace lenders in its supervisory and enforcement efforts. As a result, state regulators have increasingly sought to fill any perceived voids left by the Bureau....more
3/14/2019
/ Class Action ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
FDIC ,
Federal Trade Commission (FTC) ,
Financial Regulatory Agencies ,
FinTech ,
GLBA Privacy ,
Loans ,
NYDFS ,
OCC ,
Online Marketplace Lending ,
RICO ,
State Attorneys General ,
State Regulators ,
Trump Administration
In 2018, the CFPB issued multiple rules, and Congress passed legislation, to clarify, revise and update the regulatory framework applicable to the home mortgage origination and servicing market....more
3/6/2019
/ Amended Regulation ,
Banks ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Department of Justice (DOJ) ,
Department of Veterans Affairs ,
Economic Growth Regulatory Relief and Consumer Protection Act ,
Enforcement Actions ,
Fair Housing Act (FHA) ,
False Claims Act (FCA) ,
FinTech ,
GAO ,
HMDA ,
Lenders ,
Mortgage Loan Originators ,
Mortgage Servicers ,
Mortgages ,
OCC ,
Popular ,
RESPA ,
TILA-RESPA Integrated Disclosure Rule (TRID) ,
Truth in Lending Act (TILA) ,
Unduly Burdensome