The Federal Reserve Board, CFPB, FDIC, OCC, National Credit Union Administration and state financial regulators alerted mortgage servicers that they will resume their respective pre-pandemic supervisory and enforcement approaches towards noncompliance with mortgage-servicing rules.
News & Insights
An FDIC final rule was published in the Federal Register that incorporates the October 2020 revised community bank leverage ratio rule with Interagency Guidelines for Real Estate Lending Policies.
The FDIC adopted amendments to incorporate the October 2020 revised community bank leverage ratio rule with the Interagency Guidelines for Real Estate Lending Policies.
A national bank settled CFPB, DOJ and OCC allegations of redlining under the Fair Housing Act, the Equal Credit Opportunity Act and the Consumer Financial Protection Act.
The OCC proposed to rescind a June 2020 rulemaking that amended regulations implementing the Community Reinvestment Act for national banks. The OCC proposal would reinstate the 1995 rules adopted by the OCC, the Federal Reserve Board, the FDIC and the former Office of Thrift Supervision.