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650,700 Complaints

True to their declared intent to make consumer complaints central to all they do, the CFPB recently launched their first-ever Monthly Complaint Snapshot. The monthly reports are designed to highlight key trends from the...

What’s Fair?

In the past, fair lending and redlining were terms you only heard about when mortgage lending was discussed.  Financial institutions simply needed to gather the required information for the Home Mortgage Disclosure Act (HMDA)...

Some Breathing Room… CFPB Delays TRID

On June 17th the Consumer Financial Protection Bureau (“CFPB”) announced they would be issuing a proposed rule to delay the effective date of the TILA/RESPA Integrated Disclosure Rule (“TRID”). Yesterday we got our first...

New Era for Commercial Lending Compliance?

NCUA has started to make in-roads regarding regulatory relief in a surprising way. At their recent board meeting, NCUA announced a proposed rule to ease regulatory restrictions impacting member business loans (MBL).

Final Diversity and Inclusion Standards Issued

The Offices of Minority and Women Inclusion for NCUA and five other federal agencies recently issued Final Standards for assessing the diversity policies and practices of the entities they regulate (e.g., credit unions, in...