Agencies Release Paper on Operational Resilience

Federal bank regulatory agencies today released a paper outlining sound practices designed to help large banks increase operational resilience.

Federal bank regulatory agencies today released a paper outlining sound practices designed to help large banks increase operational resilience.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-144.html

Acting Comptroller of the Currency Kicks off L.A. REACh

Acting Comptroller of the Currency Brian P. Brooks today joined civic leaders, community advocates, and bankers to kick off Project REACh regional efforts in Los Angeles’ L.A. REACh.

Acting Comptroller of the Currency Brian P. Brooks today joined civic leaders, community advocates, and bankers to kick off Project REACh regional efforts in Los Angeles' L.A. REACh.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-143.html

Federal Reserve Board adjusts terms of Main Street Lending Program to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to the pandemic

Federal Reserve Board adjusts terms of Main Street Lending Program to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to the pandemic

Federal Reserve Board adjusts terms of Main Street Lending Program to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to the pandemic

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20201030a.htm

Consumer Financial Protection Bureau Issues Final Rule to Implement the Fair Debt Collection Practices Act

On October 30, 2020, the Consumer Financial Protection Bureau issued a final rule to restate and clarify prohibitions on harassment and abuse, false or misleading representations, and unfair practices by debt collectors when collecting consumer debt.

On October 30, 2020, the Consumer Financial Protection Bureau issued a final rule to restate and clarify prohibitions on harassment and abuse, false or misleading representations, and unfair practices by debt collectors when collecting consumer debt.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-issues-final-rule-implement-fair-debt-collection-practices-act/

Federal Reserve Board publishes detailed noncash payments data from the 2019 Federal Reserve Payments Study

Federal Reserve Board publishes detailed noncash payments data from the 2019 Federal Reserve Payments Study

Federal Reserve Board publishes detailed noncash payments data from the 2019 Federal Reserve Payments Study

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/other20201029a.htm

Agencies Propose Regulation on the Role of Supervisory Guidance

Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions. The proposal would codify the statement, as amended, that was issued in Septem…

Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies' use of supervisory guidance for regulated institutions. The proposal would codify the statement, as amended, that was issued in September 2018 by the agencies that clarified the differences between regulations and guidance.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-142.html

Agencies Propose Regulation on the Role of Supervisory Guidance

Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions.

Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/agencies-propose-regulation-role-supervisory-guidance/

Consumer Financial Protection Bureau Issues Final Rule, Improves Clarity and Transparency by Amending Disclosure of Records and Information Regulation

The Consumer Financial Protection Bureau issued today a final rule amending its Disclosure of Records and Information Regulation.

The Consumer Financial Protection Bureau issued today a final rule amending its Disclosure of Records and Information Regulation.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-issues-final-rule-improves-clarity-transparency-amending-disclosure-records-information-regulation/