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[ September 29, 2020 ] Banking agencies make final rules on appraisals, lending program impact on capital COVID-19 actions
[ September 29, 2020 ] CFPB rebrands recent – and not so recent – efforts of the bureau, FTC, and law enforcement targeting abusive debt collection practices CFPB
[ September 29, 2020 ] Fed checks in with senior loan officers on experiences with Main Street Lending Facility COVID-19 actions
[ September 29, 2020 ] Fed terminates enforcements with Pakistan bank and its NY branch; and GA bank The Fed
[ September 28, 2020 ] THIS WEEK: Fed’s Quarles in financial regulation, stability panel discussions; FDIC systemic resolution panel meets; ‘seasoned’ QM comments due CFPB

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Banking agencies make final rules on appraisals, lending program impact on capital

September 29, 2020 0

Temporary rules established to counter the financial impact of the coronavirus crisis – on real estate appraisals and evaluations, and the impact on regulatory capital of participating in special lending facilities – were made final by federal banking regulators Tuesday. [...]
CFPB rebrands recent – and not so recent – efforts of the bureau, FTC, and law enforcement targeting abusive debt collection practices

September 29, 2020 0

The agency charged with consumer financial protection included information on two of its previously announced cases over abusive debt collection on Tuesday and reintroduced those efforts and others reportedly underway elsewhere under the moniker of “Operation Corrupt Collector,” calling it [...]
Fed checks in with senior loan officers on experiences with Main Street Lending Facility

September 29, 2020 0

Respondents to a September survey regarding banks’ experiences with the Main Street Lending Program (MSLP), created as part of the Federal Reserve’s response to the COVID-19 pandemic, said they expected to see a rise in commercial and industrial (C&I) loan [...]
Fed terminates enforcements with Pakistan bank and its NY branch; and GA bank

September 29, 2020 0

A 2015 cease-and-desist order with a Pakistan bank and its New York City branch citing risk management and Bank Secrecy Act-related concerns was terminated last week by the Federal Reserve, the central bank announced Tuesday. The Fed in 2015 entered [...]