CFPB Monitor

AUGUST 4, 2020

Recently, the federal banking regulators issued four new sets of examination procedures. On May 26, 2020, the OCC issued a significantly revised Sampling Methodologies booklet to be included in the Comptroller’s Handbook.

Handbook 78

Handbook Regulation CA Exercises 78

CFPB Monitor

DECEMBER 14, 2020

The CFPB recently issued a final rule amending Regulation Z ability to repay rule/qualified mortgage (QM) requirements to replace the strict 43% debt-to-income (DTI) ratio basis for the general QM with an annual percentage rate (APR) limit, while still requiring the consideration of the DTI ratio or residual income. 1 and II.A.4-5

Handbook 148

Handbook Compliance Regulation Meeting 148

Abrigo

AUGUST 7, 2023

Takeaway 2 Regulators say management should periodically validate the loss estimation process for the allowance for credit losses (ACL) and any changes to it. Regulators have noted such risks can involve financial losses, poor business and strategic decision-making, or damage to a bank’s reputation.

Risk Management 195

Risk Management Handbook Analysis Management 195

Abrigo

JUNE 4, 2019

Changes could stem from internal sources, like policies and procedures, new products, or product updates; or they could be external changes, like new compliance rules and regulations.

Fraud 150

Fraud System Handbook Policies 150

Abrigo

NOVEMBER 18, 2016

The OCC Comptroller’s Handbook on CRE lending is careful to point out that CRE lending brings a unique take on other common lending risks, such as credit, interest rate, liquidity, operational, compliance, strategic and reputational risks. For many, commercial real estate lending may be the ticket.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

CFPB Monitor

JUNE 26, 2020

The proposal would require that the verification of income and assets be performed in accordance with Regulation Z section 1026.43(c)(4), The impact of the COVID-19 pandemic on how creditors consider income or assets, debt obligations, alimony, child support, and monthly DTI ratio or residual income. c)(4), as modified by the proposal.

Handbook 78

Handbook Examples Meeting Analysis 78

FICO

JANUARY 9, 2023

They apply to both new and existing products and represent one of the single biggest compliance overhauls since the publication of the regulator’s Treating Customer Fairly Initiative in 2006. While it’s being applied in the UK, we’ve often seen other regulators follow Britain’s lead, as was the case with Treating Customers Fairly.

Technology 52

Technology Compliance Strategy Management 52