Violations of truth in lending and flood insurance regulations led the most frequently cited consumer compliance transgressions in 2023 for banks, according to a report issued Friday by the federal insurer of bank deposits. The […]
“Large card issuers” are now subject to a much lower safe harbor amount for penalty fees and restrictions on fees for subsequent violations to ensure that late fees they charge are “reasonable and proportional” as […]
The asset-size exemption thresholds for financial institutions required to collect Home Mortgage Disclosure Act (HMDA) data and, separately, to establish escrow accounts for higher-priced mortgage loans will rise in 2024, according to Federal Register notices […]
A proposal to prescribe ability-to-repay rules for Property Assessed Clean Energy (PACE) financing, with Truth-in-Lending Act (TILA) civil liability provisions applicable for violations, is out for comment until July 26, according to a consumer bureau […]
Violations of Truth in Lending Act (TILA) disclosure requirements were the most frequently cited bank consumer compliance violations by examiners in 2022, according to a report issued Wednesday by the federal bank deposit insurance agency. […]
A proposal issued Feb. 1 aimed at better ensuring that late fees charged on credit card accounts are “reasonable and proportional” – for example, capped at $8 for late credit card payments – has a […]
A final determination that business lending disclosure laws in up to four states are not preempted by federal law was issued Tuesday by the federal consumer financial protection bureau. According to the Consumer Financial Protection […]
Comments on rules implementing truth in mortgage lending are being sought by the federal consumer financial protection agency, it said Friday, related to its review of rules impact on small entities and others. The Consumer […]
Two final rules increasing the asset-size exemption thresholds for institutions required to report mortgage activity and to establish escrows for certain higher-priced mortgage loans (HPMLs) were published this week by the Consumer Financial Protection Bureau […]
There is no change in the $1 amount triggering minimium interest charge disclosures for open-end consumer credit plans for 2023, but the consumer financial protection agency is raising other amounts that will apply to certain […]
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