Merrily the State CRAs Roll Along

This article outlines what banks should consider as regulators plan to rescind the 2023 Community Reinvestment Act final rule and to reinstate the prior CRA framework.

What Happened? The Federal Deposit Insurance Corporation (“FDIC”), Board of Governors of the Federal Reserve System (“Federal Reserve”) and the Office of the Comptroller of the Currency (“OCC”), (collectively, “federal banking agencies”) announced their intent to rescind the 2023 Community Reinvestment Act Final Rule (“Final Rule”) and to reinstate the CRA framework that existed prior […]

The post Federal Banking Agencies Announce Intent to Rescind 2023 Community Reinvestment Act Final Rule and Return to Prior Framework appeared first on Of Interest.

This article discusses developments in state gift card compliance issues in the unclaimed property and consumer protection spaces from 2024 and speculates on what 2025 may hold in store.

With an amendment to its Safeguards Rule, the Federal Trade Commission has joined other federal agencies regulating cybersecurity breaches. Our Privacy, Cyber & Data Strategy Team analyzes how the amendment will affect nonbanking financial institutions and how it dovetails – and conflicts – with myriad other federal and state data breach notification regulations.

A&B Abstract: On June 21, the Consumer Financial Protection Bureau (CFPB), along with five federal regulatory agencies (Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and Federal Housing Finance Agency (FHFA) (the “Agencies”), published for public […]

The post CFPB and Federal Agencies Seek Comment on Proposed Automated Valuation Models Rule appeared first on Alston & Bird Consumer Finance ABstract.