Reg B – Regulatory Report

What's up

[ October 22, 2020 ] Bureau finally begins rulemaking on consumer access to financial records CFPB
[ October 22, 2020 ] Goldman Sachs fined $154 million by Fed over failures that allowed scheme against 1MDB to proceed The Fed
[ October 21, 2020 ] Although economic activity is on upswing, Beige Book finds ‘considerable uncertainty’ about the future remains prevalent The Fed
[ October 21, 2020 ] Yet another charged with getting PPP loans fraudulently – this one for more than $2.5 million FDIC
[ October 20, 2020 ] Bureau decides to extend ‘GSE patch’ until it finalizes a rule amending general QM loan definition CFPB

‘Semi-annual report’ sketches out proposed, final rules upcoming from consumer bureau

November 13, 2018 0

At least five proposed rules and three final regulations will be issued by the federal consumer financial protection agency in the coming months, according to a report posted publicly late last week. According to the […]

Final rule effective: Equal Credit Opportunity Act (Regulation B) Ethnicity and Race Information Collection

January 1, 2018 0

Effective date: CFPB final rule that amends Regulation B to permit creditors additional flexibility in complying with Regulation B in order to facilitate compliance with Regulation C, adds certain model forms and removes others from Regulation B, […]

Bureau finally begins rulemaking on consumer access to financial records

October 22, 2020 0

Making good on its promise in July (and following up on a symposium in February), the federal consumer financial protection agency Thursday said it is seeking information from the public on the best way about developing a rule on consumer [...]
Goldman Sachs fined $154 million by Fed over failures that allowed scheme against 1MDB to proceed

October 22, 2020 0

Failures in oversight, internal controls, and risk management that prevented Goldman Sachs Group, Inc., from detecting a “far-reaching” fraud scheme among its own employees and others against its client 1Malaysia Development Berhad (1MDB) drew a civil money penalty assessment of [...]