Financial Institutions Law Updates

Featured Expert Legal Commentary

Legislative Fix for Consumer Financial Protection Bureau; Attorney Client Privilege Issue Remains in Limbo

By Andrew Erskine of Zuber Lawler & Del Duca

Two bills in Congress intended to protect the privileged status of information provided to the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) in its examinations remain stalled, apparently as a result of a political stalemate over attempts to rein in the newly established agency. More...

More Financial Institutions Law Updates

Page 1 of 1 of Financial Institutions Law Summaries » New Statutes, Regulations, and Guidance

Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions

Community Reinvestment Act (CRA) Regulations to Adjust the Asset-Size Thresholds  |  12 CFR Parts 25 and 195, Docket ID OCC-2012-0015, RIN 1557-AD60  |  12/19/2012

The federal bank regulatory agencies have announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. More...

New Policy Proposal Allows Companies to Run Trial Disclosure Programs

Policy to Encourage Trial Disclosure Programs; Information Collection  |  12 CFR Chapter X, Docket No. CFPB-2012-0046  |  12/13/2012

The Consumer Financial Protection Bureau (CFPB) has announced its proposed policy to allow companies to test new consumer disclosures on a case-by-case basis. More...

Exam Procedures for Student Loans Released

Education Loan Examination Procedures  |  CFPB No. _____  |  12/17/2012

The Consumer Financial Protection Bureau (CFPB) has published the procedures it will use in examining student lenders. More...

Federal Agency Rule Requires Lenders Ensure Borrowers Have the Ability to Repay Their Mortgage

Ability-to-Repay and Qualified Mortgage Standards under the Truth in Lending Act (Regulation Z)  |  12 CFR Part 1026, CFPB-2011-0008; CFPB-2012-0022, RIN 3170-AA17  |  1/10/2013

The Consumer Financial Protection Bureau (CFPB) has adopted a new rule that will protect consumers from irresponsible mortgage lending by requiring lenders to ensure prospective buyers have the ability to repay their mortgage. More...

New Finance Rules Issued to Strengthen Protections for High-Cost Mortgages

High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in Lending Act (Regulation Z)  |  12 CFR Parts 1024 and 1026, Docket No. CFPB-2012-0029, RIN 3170-AA1212, CFR Part 1026  |  1/10/2013

The Consumer Financial Protection Bureau (CFPB) has issued final rules to strengthen consumer protections for high-cost mortgages and to provide consumers with information about homeownership counseling. More...

Revisions to Rule Protecting Consumers Sending Money Internationally Proposed

Electronic Fund Transfers (Regulation E)  |  12 CFR Part 1005, Docket No. CFPB-2012-0050, RIN 3170–AA33  |  12/21/2012

The Consumer Financial Protection Bureau (CFPB) has issued proposed revisions to a rule that creates certain protections for consumers who transfer money internationally. More...

Consumer Financial Protection Bureau Announces Increase in Home Mortgage Disclosure Act Asset-Size Exemption Threshold

Home Mortgage Disclosure (Regulation C): Adjustment To Asset-Size Exemption Threshold  |  12 CFR Part 1003, Docket No. CFPB-2012-0049  |  1/28/2013

The Consumer Financial Protection Bureau (CFPB) has issued a final rule adjusting the asset-size exemption threshold for banks, savings associations, and credit unions under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). More...

Consumer Financial Protection Bureau Proposes to Supervise Larger Participants in Consumer Debt Collection and Consumer Reporting Markets

12 CFR Part 1090 Docket No. CFPB–2012–0005; RIN 3170–AA00  |  Vol 77 Federal Register, p. 9592  |  2/17/2012

The Consumer Financial Protection Bureau (CFPB) has released a proposed rule to include larger consumer debt collectors and consumer reporting agencies under its nonbank supervision authority. More...

Page 1 of 1 of Financial Institutions Law Summaries » New Statutes, Regulations, and Guidance
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