On April 18th the Federal Financial Institutions Examination Council (FFIEC) published an updated version of A Guide to HMDA Reporting: Getting It Right. This is the first time the Guide has been updated since 2010. The 2013 edition reflects the transfer of authority over Regulation C from the Federal Reserve Board to the Consumer Financial Protection Bureau. Appendix D, comment 1003.2 is updated with the asset-size threshold exemption applicable to collection of 2013 data. There […]
Tag: FFIEC
SOCIAL MEDIA – CONSUMER COMPLIANCE RISK MANAGEMENT GUIDANCE
On January 23, 2013 the Federal Financial Institutions Examination Council published proposed guidance entitled “Social Media: Consumer Compliance Risk Management Guidance’’ (guidance). Upon completion of the guidance, and after consideration of comments received from the public, the federal financial institution regulatory agencies will issue it as supervisory guidance to the institutions that they regulate. Those institutions will be expected to use the guidance in their efforts to ensure that their policies and procedures provide oversight […]