FDIC: Establishment of New Advisory Committee of State Regulators Approved
The Federal Deposit Insurance Corporation’s Board of Directors today approved establishing a new advisory committee for state regulators and the FDIC to discuss a variety of current and emerging issues that have potential implications on the regulation and supervision of state-chartered financial institutions. “State Regulators are an important link in our regulatory ecosystem and the…
CFPB: Agency Issues Final HMDA Rule to Provide Relief to Smaller Institutions
The Consumer Financial Protection Bureau (Bureau) today issued a rule which finalizes certain aspects of its May 2019 Notice of Proposed Rulemaking under the Home Mortgage Disclosure Act (HMDA). It extends for two years the current temporary threshold for collecting and reporting data about open-end lines of credit under HMDA. The rule also clarifies partial…
CFPB: Additions to Executive Team Announced
The Consumer Financial Protection Bureau (Bureau) today announced the following additions to its executive team: Desmond Brown will serve as the Deputy Associate Director for the Consumer Education and Engagement Division. Mr. Brown has more than two decades of experience working with national and local organizations to increase financial well-being and economic opportunities for consumers. He…
FDIC: Office of the Ombudsman Published 2018 Annual Report
The Federal Deposit Insurance Corporation’s (FDIC’s) Office of the Ombudsman, an independent, neutral, and confidential liaison between the agency and its stakeholders, today published its 2018 Annual Report outlining the office’s structure, outreach activities, and goals. “Engaging with our stakeholders helps the FDIC maintain strong working relationships and assists in identifying potentially recurring questions or issues that…