December 10, 2018
Cutting Back on Community Reinvestment
Bloomberg Law quoted me in Banks Look to Narrow Exams Under Community Reinvestment Act. It opens, Banks see an opening to limit the types of violations that could lead to a Community Reinvestment Act downgrade as federal regulators begin rewriting rules … Continue reading
December 10, 2018 in Office of the Comptroller of the Currency | Permalink | No Comments
June 16, 2017
Fox in The CRA Henhouse
Law360 quoted me in Treasury’s Fair Lending Review Worries Advocates (behind a paywall). It reads, in part, President Donald Trump’s Treasury Department said Monday that revisiting a 1977 law aimed at boosting bank lending and branches in poor neighborhoods was a “high … Continue reading
June 16, 2017 in Office of the Comptroller of the Currency | Permalink | No Comments
May 11, 2016
Consumer Protection’s Holy Grail
The Federal Financial Institutions Examination Council (FFIEC) has issued a notice and request for comment regarding the Uniform Interagency Consumer Compliance Rating System (the CC Rating System). The FFIEC’s six members represent the Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit … Continue reading
May 11, 2016 in Office of the Comptroller of the Currency | Permalink | No Comments
June 18, 2015
What Is To Be Done with Mortgage Servicers?
The Office of the Comptroller of the Currency has found that EverBank; HSBC Bank USA, N.A.; JPMorgan Chase Bank, N.A.; Santander Bank, National Association; U.S. Bank National Association; and Wells Fargo Bank, N.A. have not met all of the requirements of … Continue reading
June 18, 2015 in Office of the Comptroller of the Currency | Permalink | No Comments
June 30, 2014
Mortgage Market Trending in the Right Direction, but . . .
The Office of the Comptroller of the Currency (OCC) released its OCC Mortgage Metrics Report, First Quarter 2014. the report is a “Disclosure of National Bank and Federal Savings Association Mortgage Loan Data,” and it “presents data on first-lien residential … Continue reading
June 30, 2014 in Office of the Comptroller of the Currency | Permalink | No Comments
