All in Regulatory Update

On January 16, 2017, the CFPB issued a statement that they intend to reconsider the final Payday Rule which was originally issued on October 5, 2017.  This publication, which came on the effective date of the final rule, explains that the reconsideration will occur through an official rulemaking process.  The CFPB also discusses how compliance with the final rule will be affected by...

On December 21, 2017, the CFPB (as well as the OCC and FDIC) released a statement announcing the Bureau's intentions for enforcement with respect to errors for data collected in 2018 and reported in 2019 under the Home Mortgage Disclosure Act (HMDA).  Per the release, "the Bureau does not intend to...

Each year, the asset-size threshold under the Community Reinvestment Act (CRA) is updated based on inflation.  This threshold is important as it determines which CRA test a financial institution will have during their CRA exam.  For 2018, the following thresholds will apply: