Archives For: March
CFPB: Mortgage Loan Transfer Process to Prevent Consumer Harm
The CFPB has outlined practices to provide mortgage servicers clarity, facilitate compliance, and prevent harm to consumers during the transfer of residential mortgages.
24 Apr 2020
CFPB: RFI to Assist Taskforce on Federal Consumer Financial Protection Law
The Consumer Financial Protection Bureau issued a request for information (RFI) to assist the Taskforce on Federal Consumer Financial Law with recommendations on harmonizing, modernizing, and updating federal consumer financial laws.
27 Mar 2020
OCC: Coronavirus COVID-19 Information Page Released
The Office of the Comptroller of the Currency (OCC) announced the availability of a web page containing actions and guidance relating to the Coronavirus COVID-19 outbreak. Included is the office’s latest bulletin (2020-15), which encourages banks to take steps to meet the financial services needs of customers adversely affected by virus-related issues.
16 Mar 2020
OCC: Interagency Statement Regarding Financial Institutions Affected by Tornadoes in Tennessee
The Office of the Comptroller of the Currency (OCC) issued a joint statement from several federal and state financial regulatory agencies encouraging institutions operating in areas of Tennessee recently impacted by tornadoes to meet the financial needs of their communities.
12 Mar 2020
CFPB: Key Steps Taken to Prevent Consumer Harm; Whistleblower Award Program Proposed, Other Measures
The Consumer Financial Protection Bureau (CFPB) announced three steps to advance its strategy on one of its key priorities: preventing consumer harm.
6 Mar 2020
OCC: Pandemic Planning: Updated FFIEC Guidance
The Office of the Comptroller of the Currency (OCC), along with other members of the Federal Financial Institutions Examination Council (FFIEC), issued updated guidance to remind financial institutions that their business continuity plans should address the threat of a pandemic outbreak and its potential impact on the delivery of critical financial services.
6 Mar 2020
OCC: Protecting Tenants at Foreclosure Act: Revised Comptroller’s Handbook Booklet
The Office of the Comptroller of the Currency (OCC) issued a revised version of its Protecting Tenants at Foreclosure Act booklet (part of the Comptroller’s Handbook). This booklet provides information and procedures for examiners in connection with the foreclosure activities and related consumer protections covered under the Protecting Tenants at Foreclosure Act of 2009.
2 Mar 2020
Fannie Mae: Modification Interest Rate Adjustment Update
Fannie Mae issued an exhibit providing the current Modification Interest Rate used to evaluate borrowers for conventional mortgage loan modifications.
7 Mar 2019
FEMA Declared Disaster Alabama
FEMA issued a Presidential Major Disaster Declaration for areas in Alabama affected by severe storms, straight-line winds and tornadoes that took place March 3, 2019.
5 Mar 2019
FEMA Declared Disaster Washington
FEMA issued a Presidential Major Disaster Declaration for areas in Washington affected by severe winter storms, straight-line winds, flooding, landslides, mudslides and a tornado that took place December 10-24, 2018.
4 Mar 2019