In a "Consumer Compliance Supervisory Highlights" Report, the FDIC summarized the results of consumer compliance examinations of supervised institutions in 2022 and offered recommendations to strengthen compliance management systems.
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The Federal Financial Institutions Examination Council revised its guidance for banks on compliance with the Home Mortgage Disclosure Act and related regulations.
The CFPB proposed a rule to implement consumer protections for residential "Property Assessed Clean Energy" ("PACE") loans.
CFPB Director Rohit Chopra praised the mortgage borrowing standards implemented by the CFPB following the 2008 financial crisis. He claimed that recent court cases raising questions about the legitimacy of the CFPB's regulations were "destabilizing" to the housing system.
FinCEN renewed its Geographic Targeting Orders requiring U.S. title insurance companies to collect and report beneficial ownership information for certain residential real estate purchases.