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USA - June 21 2012
On June 7, the Office of the Comptroller of the Currency (OCC) issued guidance summarizing its expectations for national banks and savings associations (collectively, banks) regarding capital adequacy and capital planning.
USA - June 8 2012
On May 31, the Consumer Financial Protection Bureau announced that it is seeking public comment on new data and information that it has received in a rulemaking to require lenders to assess consumers’ ability to repay mortgage loans before extending them credit.
USA - June 8 2012
The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) transferred to the Consumer Financial Protection Bureau (Bureau) the consumer financial protection functions formerly carried out by the Federal banking agencies, as well as certain authorities formerly carried out by the Department of Housing and Urban Development (HUD) and the Federal Trade Commission (FTC).
USA - May 25 2012
On May 23, the Board of Governors of the Federal Reserve System issued a video that gave instructions to borrowers who may have been injured by improper foreclosures on how to seek relief.
USA - April 27 2012
On April 20, the Division of Corporation Finance of the Securities and Exchange Commission issued guidance with respect to certain matters relating to management's discussion and analysis and certain accounting policies of smaller financial institutions.
