CFPB: Safeguarding Against Credit Discrimination | 2016 Fair Lending Report
It is against the law for a lender to discriminate in any aspect of a credit transaction based on certain reasons. Despite this prohibition, we hear from consumers who believe they have been treated differently because of these reasons, including characteristics such as their age, race, national origin, or sex. That’s where the CFPB’s Office…
OCC: One-on-One Industry Meetings Announced as Part of Office of Innovation Office Hours
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will establish an office dedicated to responsible innovation and implement a formal framework to improve the agency’s ability to identify, understand, and respond to financial innovation affecting the federal banking system. “The OCC supports responsible innovation that enhances the safety and…
CFPB: Changes to Regulation C Proposed to Help Industry Company | Looking for Feedback
Today we released a proposal to amend Regulation C to provide certain clarifications that would help companies comply with their data reporting requirements. Regulation C implements the Home Mortgage Disclosure Act (HMDA). The Home Mortgage Disclosure Act (HMDA) requires many financial institutions to maintain, report, and publicly disclose information about mortgages. HMDA was originally enacted…
ABA: New Survey – Americans Confident in Their Financial Literacy Skills
ABA Foundation offers questions to help consumers see how they stack up WASHINGTON — Nearly two-thirds of adults (62 percent) consider their own financial literacy to be good or excellent, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. However, their perception of the average American isn’t quite…
SBA: Small Business Innovation National Road Tour Announced
WASHINGTON – The U.S. Small Business Administration (SBA) today announced it will launch an 11-state, 15-stop road tour led by the SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, with participation from 11 other federal agencies. This will be the third year of the SBA-led National Innovation Road Tour. “The…
FDIC: Hosting Economic Inclusion Summit in Arlington, VA
The Federal Deposit Insurance Corporation (FDIC) will host an Economic Inclusion Summit on Wednesday, April 26, to discuss “Strategies to Bring Consumers into the Financial Mainstream.” The summit will bring together representatives from banks; bank trade associations; non-profit organizations; national, state, and local government agencies; and the public. The day-long summit will explore strategies for…
FDIC: New Resource Announced to Help Community Bankers Understand FHLB Products and Programs
The Federal Deposit Insurance Corporation (FDIC) published a new guide to help community bankers learn more about the programs and products offered by the Federal Home Loan Banks (FHLBs) to facilitate mortgage lending. The Affordable Mortgage Lending Guide, Part III: Federal Home Loan Banks describes many of the products and services offered by FHLBs, including…
HUD: National Fair Housing Month
WASHINGTON – This year marks the 49th anniversary of the Fair Housing Act, landmark legislation that became law on April 11, 1968. Today, the U.S. Department of Housing and Urban Development (HUD) kicked off Fair Housing Month 2017 at its national headquarters. This year’s theme is Fair Housing Equals Opportunity, highlighting equality in housing as…