Consumer Issues & Information

2008

 
 
Date Title Category
December 22, 2008 Identity Theft

Federal agencies published an updated brochure to help consumers prevent and resolve identity theft.

Consumer
December 18, 2008 Home Mortgage Disclosure

Depository institutions with assets of $39 million or less on December 31 are exempt from collecting HMDA data in 2009.

Consumer
December 18, 2008 Overdraft Services

Comments are due in February on a proposal to give consumers a choice regarding the payment of overdrafts for automated teller machine withdrawals and one-time debit card transactions. The Federal Reserve Board also adopted a rule, effective January 1, 2010, addressing disclosure practices for overdraft services.

Consumer
December 18, 2008 Truth in Lending

The Federal Reserve Board approved rules, effective July 1, 2010, to protect credit card users by prohibiting certain unfair acts or practices and improving disclosures.

Consumer
December 17, 2008 Expedited Funds Availability

Federal Reserve check processing operations in St. Louis will move to Atlanta on February 21.  This will cause some formerly nonlocal checks to become local under Regulation CC's expedited availability rules.

Consumer
December 17, 2008 Community Reinvestment

As they do every year, federal agencies adjusted the asset-sizes that define small and intermediate-small banks in CRA regulations.

Consumer
December 5, 2008 Truth in Lending - HEADLINE

Comments are due January 23 on revised disclosure requirements for mortgage loans, implementing recent legislation.

Consumer
November 13, 2008 Internet Gambling

The Federal Reserve Board and the Treasury have adopted rules implementing the Unlawful Internet Gambling Enforcement Act of 2006.

Consumer
November 12, 2008 Interagency Supervisory Guidance

The Federal Reserve, Treasury and FDIC published a statement on meeting the needs of creditworthy borrowers.  Consistent with safety and soundness principles and existing supervisory standards, each banking organization needs to enusre the adequacy of its capital base, enagage in appropriate loss mitigation strategies and foreclosure prevention, and reassess the incentive implications of its compensation policies. 

Consumer
November 12, 2008 Interagency Supervisory Guidance

The Federal Reserve, Treasury and FDIC published a statement on meeting the needs of creditworthy borrowers.  Consistent with safety and soundness principles and existing supervisory standards, each banking organization needs to enusre the adequacy of its capital base, enagage in appropriate loss mitigation strategies and foreclosure prevention, and reassess the incentive implications of its compensation policies. 

Consumer
May 2, 2008 Regulatory News Credit Cards and Overdraft Services

Comments will be due in July on proposed rules to prohibit unfair practices regarding credit cards and overdraft services.

Consumer
May 8, 2008 Regulatory News Risk-Based Pricing Notices

Comments will be due in August on proposed regulations that generally would require a creditor to provide a consumer with a risk-based pricing notice when, based on the consumer’s credit report, the creditor offers or provides credit on terms less favorable than the terms it offers or provides to others.

Consumer
May 22, 2008 Regulatory News Hybrid Adjustable-Rate Mortgages

Federal agencies published sample information in English and Spanish that lenders may use to help consumers understand certain hybrid adjustable-rate mortgage products.

Consumer
August 13, 2008 Regulatory News Right to Financial Privacy

Comments are due Sept. 29 on proposed revisions to the fee schedule for reimbursing financial institutions' costs of providing customer financial records to the government.

Consumer
August 5, 2008 Regulatory News Truth in LendingThe Federal Reserve has published the revised dollar amount of fees that will trigger additional disclosure requirements for home mortgage loans in 2009.

 

Consumer
July 14, 2008 Regulatory News Home Mortgages

The Federal Reserve Board amended Regulation Z to prohibit some home mortgage lending practices and restrict others, establish advertising standards, and accelerate some mortgage disclosures. Except for new escrow requirements, the changes will take effect October 1, 2009. The Board will also request comment about the definition of "higher-priced mortgage loan" in its home mortgage disclosure regulation.

Consumer
May 30, 2008 Regulatory News Community Reinvestment

Regulatory agencies updated the list of distressed and underserved nonmetropolitan middle-income geographies where bank revitalization or stabilization activities will receive CRA consideration as community development.

Consumer