President Trump Issues Executive Order Instructing Review of Financial Regulations -
President Donald Trump on February 3rd issued an Executive Order (EO) detailing his Administration’s core principles for financial...more
3/8/2017
/ Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Dodd-Frank ,
EFTA ,
Executive Orders ,
Financial Institutions ,
Financial Regulatory Reform ,
PHH Corp. v CFPB ,
Prepaid Payment Products ,
Regulatory Oversight ,
Removal For-Cause ,
Single Director ,
Trump Administration ,
Truth in Lending Act (TILA)
A newly leaked memo from U.S. House of Representatives Financial Services Committee Chairman Jeb Hensarling (R-TX) to the Committee’s leadership team has provided stakeholders in the banking industry with a preview of major...more
2/15/2017
/ Automotive Loans ,
Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Deregulation ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
Proposed Legislation ,
Regulatory Oversight ,
Student Loans
The federal Consumer Financial Protection Board (CFPB) has proposed new regulations and changes to its existing regulations that expand the agency's ability to disclose information to others, potentially compromising the...more
On November 15th, House Financial Services Committee Chairman Jeb Hensarling (R-TX) signaled that he is willing to consider changes to a reintroduced Financial CHOICE Act next year as a newly elected and party-unified...more
OCC Releases 2017 Bank Supervision Plan -
The OCC’s Committee on Bank Supervision (CBS) yesterday published its Fiscal Year 2017 Bank Supervision Operating Plan and announced the following five oversight objectives...more
9/16/2016
/ Banking Sector ,
Banks ,
BSA/AML ,
Business Model ,
Commercial Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Legislative Committees ,
OCC ,
Regulatory Oversight ,
Underwriting
House Financial Services Committee Chairman Jeb Hensarling (R-TX) yesterday released his legislative plan to repeal and replace the Dodd-Frank Wall Street Reform and Consumer Protection Act, which passed a Democrat-led...more
Five federal regulators on Wednesday – the FDIC, the Fed, CFPB, NCUA, and OCC – issued an interagency guidance applicable to all FDIC-supervised financial institutions describing expectations for effective...more
New data from the Mortgage Bankers Association (MBA) shows that total mortgage applications decreased 27.6 percent from the previous week as a result of CFPB’s TILA-RESPA integrated disclosures (TRID) rule, which became...more
10/16/2015
/ Banking Sector ,
Banks ,
Closing Documents ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Disclosure Requirements ,
Financial Institutions ,
Homeowners ,
Mortgage Bankers Association ,
Mortgage Lenders ,
Mortgages ,
Refinancing ,
Residential Real Estate Market ,
TILA-RESPA Integrated Disclosure Rule (TRID)
This week, the Ferguson Commission released an analysis of the socio-economic environment following the shooting of Michael Brown that included recommendations for financially strengthening lower-income areas. The Commission,...more
9/18/2015
/ Banking Sector ,
Banks ,
Community Development ,
Community Reinvestment Act ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
CRA ,
Economic Development ,
Financial Institutions ,
Michael Brown Shooting ,
Payday Loans ,
Public Policy