Compliance News

The OCC issued the “Branch Closings” booklet of the Comptroller’s Licensing Manual. The revised booklet replaces the booklet of the same title issued June 2017, makes corrections where necessary, and contains updated guidance.

The Consumer Financial Protection Bureau issued an advisory opinion to prevent digital mortgage comparison-shopping platforms from illegally referring borrowers to only lenders paying referral fees.

The FDIC issued a Financial Institution Letter on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision. The OCC previously issued a similar bulletin.

The Treasury Department’s Bureau of the Fiscal Service issued a proposed rule to amend its regulations governing the payment of checks drawn on the U.S. Treasury.

The OCC issued a bulletin on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision.

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on credit card fees for late payments.

The FDIC extended by 45 days the public comment period for proposed changes to its regulations relating to the FDIC’s official sign, official advertising statement, deposit insurance misrepresentations, and misuse of the agency’s name or logo. Comments are now due by April 7.

ICBA called on the Consumer Financial Protection Bureau to limit the regulatory burden of its pending rulemaking to establish standards for sharing consumer financial data.