FTC Grants Temporary Stay in Louisiana Real Estate Appraisers Board Action
An administrative law judge granted a 90-day stay in the FTC’s proceedings against the Louisiana Real Estate Appraisers Board (“LREAB”) in order to determine the... Read More
Federal Regulatory Developments
Agencies Request Public Comment on Raising the Appraisal Threshold for Commercial Real Estate
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the... Read More
FDIC Adopts Revised Guidelines for Appeals of Material Supervisory Determinations
Effective July 18, 2017, the FDIC has enacted amendments to the Guidelines for Appeals of Material Supervisory Determinations (“Guidelines”), which are in response to the... Read More
Acting FTC Chairman Announces Several Internal Process Reforms for Civil Investigative Demands
On July 17, 2017, the Acting FTC Chairman Maureen K. Ohlhausen announced several internal process reforms to address problem areas in Civil Investigative Demands (“CIDs”)... Read More
CFPB Proposes Temporary Increase to HELOC Reporting Threshold under HMDA Final Rule
The CFPB has proposed new amendments to HMDA’s Regulation C that would temporarily increase the threshold for collecting and reporting data with respect to open-end... Read More
CFPB Publishes New Resources on HMDA Final Rule, Including 2018 Edit Specifications
The CFPB recently released new resources for HMDA filers, including 2018 Edit Specifications and a HMDA Loan Scenarios document. The 2018 Edit Specifications are found... Read More
CFPB Extends Deadline to Submit Comments on the Small Business Lending Market
On May 15, 2017, the CFPB published a request for information regarding the small business lending market (“RFI”) and required comments to be submitted on... Read More
FTC Settles Claims Against Lead Generation Business for Allegedly Sharing and Selling Consumers’ Sensitive Data
The FTC settled charges against a lead generation business (“business”) who allegedly misled consumers into filling out loan applications, which included sensitive consumer information, and... Read More
CFPB Makes Technical Corrections to Mortgage Servicing Final Rule
The CFPB issued technical corrections to the 2016 Mortgage Servicing Final Rule addressing: (1) errors regarding effective dates of amendments to Regulation Z, (2) an... Read More
CFPB Finalizes Amendments to TRID
The CFPB has finalized revisions (“final rule”) to the TILA-RESPA Integrated Disclosure Rule (“TRID Rule”), also known as the Know Before You Owe Rule. The... Read More
CFPB Issues Final Rule Barring Waivers of Class Action Claims in Arbitration Agreements for Consumer Financial Transactions
On Monday July 10, 2017, the CFPB issued a final rule that will bar companies from using pre-dispute arbitration agreements which require consumers to waive... Read More
CFPB Issues Policy Guidance Regarding Early Compliance with 2016 Mortgage Servicing Final Rule
On June 30, 2017, the CFPB published a policy guidance stating it does not intend to take enforcement action for violations of existing Regulation X... Read More
Industry News, including Federal Regulatory Developments, State Regulatory Developments and Litigation Developments, is for general information purposes only and is not in any way intended, nor shall it be construed, as legal advice, legal opinion or any other advice on any specific facts or circumstances. No person or entity (“Person”) should act or refrain from acting upon this information without seeking professional advice. No Person may rely on this information or its applicability to any specific circumstances. The information in Industry News, including Federal Regulatory Developments, State Regulatory Developments and Litigation Developments, is in no instance to be taken as an indication of completeness, applicability to a particular situation, or an indication of future developments or results.