A CFPB proposal to amend Regulation Z (implementing the Truth in Lending Act) to provide an exemption from establishing escrow accounts for higher-priced mortgage loans was published in the Federal Register.
The U.S. House Financial Services Subcommittee on National Security, International Development and Monetary Policy considered legislative proposals aimed at addressing fraud and cybersecurity vulnerabilities.
The CFPB requested feedback on the efficacy of the Remittance Rule, which requires companies to disclose certain information concerning customers' international money transfers and remittance transfers.
The Office of the Comptroller of the Currency notified national banks, federal savings associations and federal branches and agencies of "revised interagency examination procedures for determining compliance the Home Mortgage Disclosure Act."
The Consumer Financial Protection Bureau reported supervisory observations and exam findings in automobile loan servicing, deposits, mortgage servicing, and remittances between June 2018 and November 2018.
The FDIC will rescind and remove certain rules requiring the disclosure of financial and other information by FDIC-insured state nonmember banks. The final rule will become effective on April 17, 2019.