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The Consumer Financial Protection Bureau issued a blog post Wednesday designed to mollify industry and congressional concerns that lenders will not be ready to implement new disclosure forms by an Aug. 1 deadline.

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Community bankers are up in arms after one of the largest core processors told institutions it will likely raise costs because of a data collection effort undertaken by the Consumer Financial Protection Bureau.

t's no grace period, but the Consumer Financial Protection Bureau is working placate lender fears of hasty enforcement of its new integrated disclosure rules.

As the first legal briefs are filed in MetLife's challenge to FSOC's decision to designate the life insurance giant as systemically risky, the interagency council and outsiders are pointing to the high bar the company has to clear to convince the court to overturn the decision.

Newly elected Rep. French Hill knows firsthand what it's like to lead a bank through a crisis and implement the sometimes complex rules of Dodd-Frank. That knowledge may prove key as he battles to make regulation simpler for small banks.

Sen. Elizabeth Warren, D-Mass., sharply criticized Securities and Exchange Commission Chair Mary Jo White on Tuesday, asking for details about the agency's enforcement actions and the implementation of key Dodd-Frank Act rules.
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Federal regulators are working to streamline call reports for community banks in response to industry complaints that some of the requirements are unnecessary and increasingly burdensome.

Provident Funding Associates, a private mortgage lender, has agreed to pay $9 million to settle allegations its brokers charged minorities higher fees and interest rates, federal regulators said Thursday.

Banks with more than $1 billion of assets are now required to report overdraft income in their call reports. Data released Wednesday reveals which banks rely most heavily on revenue from overdrafts — and which could be most vulnerable to looming changes in overdraft regulations.
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New servicing standards issued by the government-sponsored enterprises are unlikely to pose a hurdle for the biggest nonbank players in the market, but small servicers could find it more challenging.

Community banks had a banner first quarter, federal regulators said Wednesday — but it may come at a problematic time, politically speaking. The Quarterly Banking Profile may only deepen some lawmakers concern that small banks do not need regulatory relief if they are performing so well.

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