Special Release

news, information, broadcast-7246477.jpg

CFPB Funding Mechanism Determined Valid

The Supreme Court released their decision in the Consumer Financial Protection Bureau v. Community Financial Services Assn. of America, Ltd. case, which was brought to challenge the funding of the CFPB as inconsistent with the Appropriations Clause. The challengers argued that this funding mechanism violated the appropriations clause, which provides that “no money shall be […]

CFPB Funding Mechanism Determined Valid Read More »

charts and data

Mitigate Risk: Understand Your Lending Patterns

Examiners are more carefully scrutinizing banks’ lending penetration in low- and moderate-income census tracts for CRA and in substantially minority census tracts for Fair Lending in banks’ designated assessment areas. Examiners also expect banks to demonstrate a thorough understanding of their lending patterns. For example, they analyze HMDA loan data and Small Business/Small Farm loan

Mitigate Risk: Understand Your Lending Patterns Read More »

update, upgrade, to update-1672349.jpg

HMDA and HPML Thresholds Bumped Up for 2024

On December 18, 2023, the Consumer Financial Protection Bureau (CFPB) amended the Home Mortgage Disclosure Act (Regulation C) and the Truth in Lending Act (Regulation Z), adjusting the asset-size exemption thresholds for banks, savings associations, and credit unions. Like the CRA thresholds, the adjustments are pegged to the annual percentage increase in the Consumer Price

HMDA and HPML Thresholds Bumped Up for 2024 Read More »

update, news, newsroom-7239385.jpg

HPML Appraisal & Regulation Z and Regulation M Exemption Dollar Thresholds for 2024

On November 13, 2023, the Federal Reserve Board and the Consumer Financial Protection Bureau jointly issued an increase in the exemption thresholds for Regulation Z and Regulation M exemptions, which are tied to the Consumer Price Index (CPI-W) as of June 1. Loans or leases at or below the thresholds are subject to the protections

HPML Appraisal & Regulation Z and Regulation M Exemption Dollar Thresholds for 2024 Read More »

flood-insurance-policy

In a Government Shutdown the National Flood Insurance Program Could be Affected

So, the Government may shut down. Again. This has happened before and will likely happen again. When this happens, one of the many “non-essential” services and programs is the National Flood Insurance Program (NFIP). So, what do we do if/when a shutdown happens? If there is a disruption to the NFIP, we should be prepared

In a Government Shutdown the National Flood Insurance Program Could be Affected Read More »

Do You Need Compliance Help?

We’re here to review your current compliance strategy and help you find A Better Way to manage risk.

Phone

800-934-REGS

Email for Non-Confidential Information Only

[email protected]

Office Location

2021 Midwest Road, Suite 200,
Oak Brook, IL 60523

Endorsed By