The Federal Trade Commission (FTC) amended its Privacy Rule to (i) modify the definition of "financial institution" and "federal functional regulator" and (ii) update the Rule's annual privacy notice requirement. ...
The Consumer Financial Protection Bureau (CFPB) issued the Fall 2021 edition of its Supervisory Highlights report. This edition covers examination topics the CFPB identified between January and June of 2021. ...
On December 7, 2021, the Consumer Financial Protection Bureau (CFPB) issued a final rule to facilitate the transition from the LIBOR interest rate index for consumer financial products. Effective April ...
The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) announced the annual adjustments to the dollar thresholds used in determining whether certain consumer credit and lease transactions are ...
Earlier this year, new FDIC Guidelines were established allowing for the creation of a new Office. As of yesterday, December 6, 2021, the Federal Deposit Insurance Corporation (FDIC) has a ...
Federal bank regulatory agencies announced the approval for a final rule that will require a banking organization to report “any significant computer-security incident” as soon as possible and no later ...
In Bulletin 2021-36 Freddie Mac clarified issues surrounding the use of cryptocurrency assets in the mortgage qualification and underwriting processes. Freddie Mac noted the “high level of uncertainty” surrounding cryptocurrencies ...
In October 2021, the National Credit Union Administration (NCUA) finalized a rule that will allow credit union service organizations (CUSOs) more flexibility to offer loan products. Effective November 26, 2021, ...
On November 18, 2021, Sen. Menendez introduced S. 3235 the Small Business Lending Disclosure Act of 2021 (the Act). The bill was read twice and referred to the Committee on ...
The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency (Federal Agencies) released a joint statement today announcing completion ...