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Articles: 1-10 of 2972

HUD publishes ANPR on Disparate Impact Regulation

USA - June 22 2018 On June 20, HUD published an advance notice of proposed rulemaking (ANPR) in the Federal Register seeking comment on potential amendments to its the…

New York Fed report finds CFPB oversight does not significantly reduce volume of mortgage lending

USA - June 20 2018 The Federal Reserve Bank of New York (New York Fed) released a June 2018 Staff Report titled “Does CFPB Oversight Crimp Credit?” which concludes that…

Trump intends to nominate Kathleen Kraninger to be director of the CFPB

USA - June 20 2018 On June 18, the White House announced President Trump’s nomination of Kathleen Kraninger to be the director of the CFPB for a five-year term…

OCC issues bulletin on supervisory policy and processes for CRA performance evaluations

USA - June 19 2018 On June 15, the OCC issued Bulletin 2018-17, which clarifies the agency’s supervisory policies and processes regarding how examiners evaluate and…

Federal Reserve Board approves final rule setting single counterparty credit limit

USA - June 19 2018 On June 14, the Federal Reserve Board approved a rule to establish single-counterparty credit limits for U.S. bank holding companies with at least…

OCC releases recent enforcement actions, issues $12.5 million penalty for BSA/AML compliance deficiencies

USA - June 19 2018 On June 15, the OCC released a list of recent enforcement actions taken against national banks, federal savings associations, and individuals…

CA Attorney General secures $67 million in debt relief for former students of defunct for-profit school

USA - June 19 2018 On June 13, the Superior Court of the State of California ordered a California-based student loan provider to halt all debt collection efforts and…

CFPB fines installment lender $5 million for improper collection and credit reporting practices

USA - June 15 2018 On June 13, the CFPB ordered a South Carolina-based installment lender and its subsidiaries to pay $5 million in civil money penalties for allegedly…

Global bank settles FCPA allegations concerning “sons and daughters” investigation into hiring practices

USA - June 15 2018 On June 6, a global bank announced it had entered into a non-prosecution agreement with the DOJ to resolve an FCPA investigation into hiring practices…

SEC settles RMBS supervision and improper markup allegations with brokerage firm

USA - June 15 2018 On June 12, the SEC issued an order against a brokerage firm to settle allegations that it violated antifraud provisions of federal securities laws…