Compliance exam manual updated with thresholds for TILA, CRA

Annual thresholds applicable to lending and anti-redlining rules are outlined in revisions to the consumer compliance exam manual published by the federal insurer of bank deposits, the agency said late Tuesday.

The Federal Deposit Insurance Corp. (FDIC) said its updates for June 2024 to its Consumer Compliance Examination Manual (CEM) included thresholds for rules implementing the Truth in Lending Act (TILA) and the Community Reinvestment Act (CRA).

The manual also includes the violation code for the Fair Credit Reporting Act (FCRA), the agency said.

According to the FDIC, the CEM offers supervisory information regarding consumer compliance examinations, CRA performance evaluations, and other supervisory activities. It also includes supervisory policies and examination procedures for evaluating financial institutions’ compliance with federal consumer protection laws and regulations, the agency said.

Examination manual updates: FDIC Consumer Compliance Examination Manual