Graphic for financial well-being item

Graphic displays key results of CFPB “financial well being” survey, released Sept. 26; for details see: Two in five struggling to make ends meet, bureau finds in ‘financial well-being’ survey

Three teams made up of five firms will compete in bank ‘resiliency’ sprint

October 25, 2021 0

Three teams made up of five tech firms have been selected to compete in a “sprint” designed to explore new technologies and techniques to help banks evaluate how well they can withstand a major disruption of any type, the federal [...]
CFPB reminds: Use 2020 Census info for tract information in HMDA reporting after Jan. 1

October 25, 2021 0

Financial institutions should use census tract information provided in the 2020 Census for mortgage-related data collected beginning next year, the federal consumer financial protection agency said Monday. In a “HMDA Reminder,” the Consumer Financial Protection Bureau (CFPB) noted that Regulation [...]
FDIC, in final rule, factors CBLR into real estate lending guidelines

October 25, 2021 0

Institutions supervised by the federal insurer of bank deposits will be able to use the same method to calculate the ratio of loans in excess of the supervisory loan-to-value (LTV) limits regardless of their community bank leverage ratio (CBLR) election [...]
Consumer bureau notes updates to HMDA filing instructions for 2022 data

October 25, 2021 0

Updates to the filing instructions for Home Mortgage Disclosure Act (HMDA) data collected in 2022 – to be reported in 2023 – were released last week by the Consumer Financial Protection Bureau (CFPB). The Filing Instructions Guide (FIG) is a [...]