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  GAO warns FDIC of regulatory capture shortcomingsTuesday, September 29, 2020 A recent report by the Government Accountability Office (GAO) found weaknesses in the examination process of the Federal Deposit Insurance Corp. (FDIC) which could expose the regulator to the risk of regulatory capture. |
 CFPB back for encore with enforcement actionTuesday, September 29, 2020 For the second time, the Consumer Financial Protection Bureau (CFPB) has filed suit against the largest debt collector and debt buyer in the country. |
 Real Estate Roundtable CEO talks Main Street to committeeTuesday, September 29, 2020 In a hearing before the Senate Banking Committee on the effectiveness of Federal Reserve facilities created through the CARES Act, The Real Estate Roundtable President and CEO Jeffrey DeBoer told the committee how changes to the Main Street Lending facility could benefit industry and businesses. |
 Lenders think third quarter might be even betterTuesday, September 29, 2020 The second quarter might have been historically strong for the mortgage industry, but according to Fannie Mae’s latest survey, lenders believe the third quarter will be as good – or maybe better.
 Citi CEO to leave, Fraser to step upTuesday, September 29, 2020 Citi CEO Michael Corbat announced that he would retire from the company in February 2021 after eight years as CEO and 37 at Citi.
 Bureau teams with New York in debt-collection suitFriday, September 25, 2020 In a joint enforcement action, the Consumer Financial Protection Bureau and New York Attorney General filed suit against a group of debt-collection companies for alleged deceptive and harassing practices.
 Crapo seeks answers from OCCFriday, September 25, 2020 Senate Banking Committee Chairman Mike Crapo (R-Idaho) is asking the Office of the Comptroller of the Currency for information about its work on fintech and digital currencies.
 CFPB continues enforcement with VA lendersFriday, September 25, 2020 The Consumer Financial Protection Bureau (CFPB) has levied enforcement actions against three more mortgage companies in an ongoing investigation of lenders targeting servicemembers and veterans.
 Credit unions profited as pandemic took holdFriday, September 25, 2020 Following their banking counterparts, the National Credit Union Administration reported that the credit union industry also posted profits in the second quarter of 2020, despite the pandemic.
 MBA throws weight behind proposed QM changesFriday, September 25, 2020 The Mortgage Bankers Association (MBA) offered its support for a Consumer Financial Protection Bureau proposal to change the way a qualified mortgage (QM) is determined.
 Subcommittee report finds potential billions in PPP fraudTuesday, September 22, 2020 A preliminary report from the Select Subcommittee on the Coronavirus Crisis on the Paycheck Protection Program (PPP) found the potential for billions of dollars which might have been diverted to fraud, waste and abuse.
 CFPB issues second remittance rule enforcementTuesday, September 22, 2020 For only the second time since its founding, the Consumer Financial Protection Bureau settled with a company over violations of the Remittance Transfer rule.
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Host State Loan-to-Deposit Ratios 2016The Federal Reserve Board, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. have issued information on the host state loan-to-deposit ratios, which are used to determine compliance under Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. Review the ratios in Dodd Frank Update’s Library. Fed, FDIC, OCC, Riegle-Neal |
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