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CFPB signals focus on AI in loan underwriting

The Consumer Financial Protection Bureau indicated it will focus on the use of artificial intelligence in loan underwriting and will take enforcement action if algorithmic underwriting models...

Jul 03, 2023
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Article
Consumer Financial Protection Bureau (CFPB) Compliance Technology

CISA launches CyberSentry threat detection program

The Cybersecurity and Infrastructure Security Agency launched a CyberSentry threat detection and monitoring capability with critical infrastructure partners.

Jul 03, 2023
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Article
Cybersecurity

FDIC head of supervising complex institutions retires

The FDIC announced the retirement of John Conneely following a nearly 35-year career at the agency, including his recent leadership of the FDIC’s Division of Complex Institution Supervision and...

Jul 03, 2023
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Article
Federal Deposit Insurance Corporation (FDIC)

CFPB: Fair lending enforcement focused on advanced tech

The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.

Jun 30, 2023
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Article
Compliance

Agencies release 2022 HMDA data

The Federal Financial Institutions Examination Council released 2022 Home Mortgage Disclosure Act data for 4,460 U.S. financial institutions.

Jun 30, 2023
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Article
Compliance

FHFA publishes Uniform Appraisal Dataset statistics

The Federal Housing Finance Agency published first-quarter Uniform Appraisal Dataset aggregate data. For the first time, the FHFA's UAD Aggregate Statistics include data on residential property...

Jun 30, 2023
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Article
Compliance

Task force updates AML-deficiency jurisdiction list

The Financial Action Task Force—a global anti-money-laundering watchdog—updated its statements concerning jurisdictions with strategic AML, terrorist-financing, and weapons-proliferation deficiencies.

Jun 30, 2023
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Article
Compliance

Agencies finalize CRE guidance update

Banking regulators finalized updates to agency guidance on commercial real estate loan accommodations for borrowers.

Jun 30, 2023
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Article
Compliance