The Federal Trade Commission (FTC) recently issued a rule regarding the Standards for Safeguarding Customer Information (Safeguards Rule) which requires financial institutions to make changes to their information security programs. ...
The House Financial Services Committee has scheduled a virtual hearing for Thursday, May 26, 2022, at 12:00 PM E.T., to examine the benefits and risks of a U.S. central bank ...
The Consumer Financial Protection Bureau (“CFPB”) launched a new system to provide guidance to other agencies with consumer financial protection responsibilities. While the CFPB is the main regulator responsible for ...
Last week several federal regulatory agencies jointly released revised questions and answers regarding federal flood insurance. Among the topics covered is escrow of flood insurance premiums, detached structure exemption, force ...
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that the Equal Credit Opportunity Act (ECOA) and Regulation B protect applicants seeking credit and those who have already ...
The Consumer Financial Protection Bureau (CFPB) has issued the Spring 2022 edition of its Supervisory Highlights report. This edition covers examination topics the CFPB identified between July and December of ...
In a Press Release on May 3, 2022, the Federal Deposit Insurance Corporation (FDIC) announced it will be sponsoring another Small Business Lending Survey (SBLS) in June of 2022. The ...
On May 3, 2022, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will require use of the Supplemental Consumer Information Form (SCIF) beginning March 1, ...
The Consumer Financial Protection Bureau (CFPB) issued Spanish translations for certain Regulation E and Regulation B model forms. On April 29, 2022, the CFPB released Spanish translations for model forms ...
The IRS released Revenue Procedure 2022-24 announcing the cost-of-living adjustments (COLAs) applicable to health savings accounts (HSAs) for the calendar year 2023. The changes include an increase in the contribution limits ...