CFPB Fines Mortgage Lender for Violating the RESPA Anti-Kickback Rule
The Consumer Financial Protection Bureau (“CFPB”) has taken enforcement action in the form of a consent order against a mortgage lender, including...more
2/28/2017
/ Anti-Kickback Statute ,
Bank Fraud ,
Banking Sector ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Executive Orders ,
FDIC ,
Internet Service Providers (ISPs) ,
Margin Requirements ,
New Guidance ,
RESPA ,
Statute of Limitations ,
Trustees
DOL Issues New Guidance on the ERISA Fiduciary Rule -
The U.S. Department of Labor (“DOL”) has released a second set of answers to frequently asked questions (“FAQs”) that provide new guidance about recent amendments...more
OCC to Consider Fintech Applications for Special Purpose National Bank Charters -
The OCC has announced that it will consider applications for special purpose national bank charters for financial technology...more
12/28/2016
/ Accounting Standards ,
Amended Rules ,
ATMs ,
Bank Fraud ,
Banking Examinations ,
Decriminalization of Marijuana ,
EFTs ,
Final Rules ,
Fintech Charter ,
Foreclosure ,
New Guidance ,
OCC ,
Special Purpose National Bank Charter
Massachusetts Voters Approve Legalization of Marijuana for Recreational Purposes -
Massachusetts voters have approved a ballot initiative legalizing the use of marijuana for recreational purposes, which will become law...more
Court Overturns RESPA Ruling and Holds That the CFPB is Unconstitutionally Structured
The United States Court of Appeals for the District of Columbia Circuit has overturned an enforcement action under Section 8 of the...more
The Federal Reserve Board has released a policy statement that details the framework it will follow in setting the Countercyclical Capital Buffer (“CCB”) for private-sector credit exposures located in the United States. The...more
9/30/2016
/ Banking Sector ,
BSA/AML ,
Capital Requirements ,
Community Banks ,
Cybersecurity ,
Dodd-Frank ,
FDIC ,
Federal Reserve ,
FFIEC ,
FinTech ,
Mortgage Lenders ,
OCC ,
Online Marketplace Lending
FDIC Proposes Expansion of Third-Party Lending Examinations -
The FDIC has extended the public comment period on proposed examination guidance that would significantly expand the scope of examinations of banks’...more
FinCEN has released guidance in the form of answers to frequently asked questions (“FAQs”) about new customer due diligence (“CDD”) requirements that became effective this month. The CDD FAQs issued on July 19 clarify new...more
The Nutter Bank Report is a monthly publication of the firm's Banking and Financial Services Group.
Headlines
1. Agencies Publish Proposed Rule to Limit Incentive-Based Compensation Arrangements
2. Guidance on New...more
7/1/2016
/ Accounting Standards ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Federal Reserve ,
Incentive Compensation ,
New Guidance ,
Payday Loans ,
Proposed Regulation ,
Risk Management ,
Unfair or Deceptive Trade Practices
The Nutter Bank Report is a monthly publication of the firm's Banking and Financial Services Group.
Headlines
1. FDIC Approves Proposed Rule to Limit Incentive-Based Compensation Arrangements
2. Congress Considers...more
The Nutter Bank Report is a monthly publication of the firm's Banking and Financial Services Group.
- Headlines
1. FDIC Issues Final Rule to Assess Large Banks a Deposit Insurance Surcharge
2. Regulators Clarify...more
The Nutter Bank Report is a monthly publication of the firm's Banking and Financial Services Group.
Headlines
1. CFPB Issues FCRA Compliance Guidance for Furnishers of Consumer Information
2. Joint Advisory...more
The Nutter Bank Report is a monthly publication of the firm's Banking and Financial Services Group.
Headlines -
1. CFTC Issues Relief from Swap Clearing Requirements to Small Holding Companies
2. Federal...more
The Nutter Bank Report is a monthly publication of the firm's Banking and Financial Services Group.
Headlines -
1. Interagency Guidance Recommends Banks Review CRE Risk Management Strategies
2. Federal Reserve...more
The Nutter Bank Report is a monthly publication of the firm's Banking and Financial Services Group.
Headlines -
1. DOB Revises Guidance on Branch and Main Office Notices and Applications -
2. FDIC Updates...more
11/30/2015
/ Banks ,
Brokered Deposits ,
Condominiums ,
Cybersecurity ,
FASB ,
FDIC ,
Federal Housing Administration (FHA) ,
FFIEC ,
Loans ,
Mortgages ,
Risk Management