The Consumer Financial Protection Bureau granted no-action relief to an online lending platform from supervisory or enforcement action with respect to the Equal Credit Opportunity Act.
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A FINRA hearing panel fined a New York State-based broker-dealer for supervisory failures and misrepresentations to issuers in connection with redemptions of debt securities on behalf of a customer.
The Office of the Comptroller of the Currency provided risk management guidance to banks and federal savings associations concerning high loan-to-value lending programs in communities that are targeted for revitalization.
The Office of the Comptroller of the Currency published a new booklet in the Comptroller's Handbook that provides guidance regarding the risks associated with retail lending.
The FDIC extended the comment period on its proposed "Examination Guidance for Third-Party Lending."