Compliance News

Federal regulators requested public comment on proposed guidance addressing reconsiderations of value, or ROVs, for residential real estate transactions.

The Consumer Financial Protection Bureau extended the comment deadline on its request for information on data brokers, such as credit reporting companies and background screening firms, and how the Fair Credit Reporting Act applies to their activities.

The OCC today is slated to release a request for information for its first-ever survey on consumer trust in banking and bank supervision.

The Consumer Financial Protection Bureau encouraged participation in Elder Fraud Prevention and Response Networks, which it has helped establish alongside state and local organizations.

ICBA continues calling on community bankers to urge their members of Congress to support a House resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 rule to establish data collection and reporting standards for small-business loan applicants.

Federal regulators requested public comment on a proposed rule designed to implement quality control standards for automated valuation models, or AVMs, used by mortgage originators and secondary market issuers in valuing real estate collateral securing mortgage loans.

With the House still planning to take up a resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 data-collection rule, ICBA continues calling on community bankers to urge their members of Congress to support the measure.

The Consumer Financial Protection Bureau issued a small entity compliance guide on the bureau’s Section 1071 rule on small-business data collection and reporting.