NewsWatch Today

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 create a disparate impact on borrowers.

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

ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to oppose legislation to impose routing mandates on credit card transactions among other resolutions.

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 Resolution.

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 sales comparisons.

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

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.

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

The Consumer Financial Protection Bureau issued frequently asked questions on its Section 1071 small-business data collection and reporting rule. The FAQs cover which financial institutions, transactions, and small businesses are covered under the rule.

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

The OCC released the Cybersecurity Supervision Work Program, which provides high-level examination objectives and procedures for cybersecurity assessment.

ICBA said it supports the Federal Trade Commission’s interest in the role and business practices of cloud service providers, or CSPs.