The California Senate and Assembly have passed five amendments to the California Consumer Privacy Act (CCPA). The amendments that are applicable to financial institutions include: Methods for Submitting Requests (Section ...
On August 20, 2019, the United States Department of Agriculture Office of Rural Development (USDA/RD) sent an email with the subject “USDA Final Rule – Single Close Construction, Elimination of ...
The New York Senate and Assembly have introduced identical versions of the “New York Privacy Act.” The New York Privacy Act requires companies that do business in New York, or ...
Recently, there have been lawsuits filed or threatened against financial institutions regarding their overdraft protection services and the charging of overdraft and non-sufficient fund fees. These are some of the ...
The FDIC has amended its rule regarding deposit insurance to not require each co-owner of a joint account to personally sign the deposit account signature card to ensure the account ...
On August 8, 2019, the FHFA, Fannie Mae, and Freddie Mac (GSE’s) announced that the mandate requiring use of the revised URLA by February 1, 2020 has been abandoned. While ...
On August 1, 2019, the U.S. Department of Housing and Urban Development (“HUD”) announced a reduction in the maximum loan-to-value (“LTV”) and combined maximum LTV ratios on cash-out refinance mortgages ...
This past week, the Consumer Financial Protection Bureau (“CFPB”) released five additional frequently asked questions (“FAQs”) related to TRID loans. The focus on these FAQs is providing loan estimates to ...
Effective July 1, 2019, lenders submitting recordable instruments to the Superior Court Clerk of DeKalb County, Georgia are required to include the tax identification number of the affected real property ...
In October 2018, the Bureau of Consumer Financial Protection (Bureau) and the Federal Reserve Board jointly proposed amendments to Regulation CC, which implements the Expedited Funds Availability Act (EFA Act), ...