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[ February 7, 2023 ] Fed top supervisor urges regulators to take new approach, consider new techniques, for ensuring financial inclusion The Fed
[ February 7, 2023 ] OFR blog post highlights 3 ways ‘DeFi’ growth could threaten financial stability Other
[ February 7, 2023 ] OCC updates licensing manual’s ‘Branch Closings’ booklet OCC
[ February 7, 2023 ] Bureau advisory opinion explains how digital mortgage comparison-shopping platforms might violate RESPA kickback prohibitions CFPB
[ February 7, 2023 ] Letter reminds credit unions of addressing ‘primary risks’ in working with service organizations NCUA

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Fed top supervisor urges regulators to take new approach, consider new techniques, for ensuring financial inclusion

February 7, 2023 0

Regulators need to understand both human decision-making and market context in designing the right rules of the road for ensuring financial inclusion, the Federal Reserve’s top supervisor said at a conference Tuesday. Speaking at a conference in Jackson, Miss., sponsored [...]
OCC updates licensing manual’s ‘Branch Closings’ booklet

February 7, 2023 0

An updated “Branch Closings” booklet of the Comptroller’s Licensing Manual was released Tuesday by the Office of the Comptroller of the Currency (OCC). The licensing manual contains a series of booklets that explain the OCC’s policies and procedures on key [...]
Bureau advisory opinion explains how digital mortgage comparison-shopping platforms might violate RESPA kickback prohibitions

February 7, 2023 0

Digital mortgage comparison-shopping platforms that give preferred placement or otherwise steer consumers to lenders based on the lenders’ compensation to the platforms are violating section 8 of the Real Estate Settlement Procedures Act (RESPA), the consumer financial protection agency said [...]
Letter reminds credit unions of addressing ‘primary risks’ in working with service organizations

February 7, 2023 0

Guidance to address some primary related risks of working with credit union service organizations (CUSOs) is outlined in a letter from the federal credit union regulator issued late Monday. In a letter to all institutions it regulates, the National Credit [...]