Dodd-Frank Update: CFPB issues Section 1071 small entity compliance guide; ICYMI: Economic forecast

Dodd-Frank Update: CFPB issues Section 1071 small entity compliance guide; ICYMI: Economic forecast

Monday, May 17, 2023
CFPB issues Section 1071 small entity compliance guide
At CBA Live, hosted by the Consumer Bankers Association, Dodd Frank Update sat in on a discussion with experts about the next frontier in fair lending: artificial intelligence (AI). The panel of experts discussed the ways AI is being used in fair lending and what regulators are doing in response to this new tool.

 

Waters, Brown lead amicus brief supporting CFPB
Rep. Maxine Waters (D-Calif.), ranking member of the House Financial Services Committee, and Sen. Sherrod Brown (D-Ohio), chair of the Senate Banking, Housing, and Urban Affairs Committee, have been joined by 144 current and former members of Congress in filing an amicus brief supporting the Consumer Financial Protection Bureau in the case seeking to determine the constitutionality of its funding structure.

A new installment of October Research’s Economic Forecast webinar series welcomes international real estate expert Dr. Ted Jones, who delved into numerous topics affecting the title industry, housing and the mortgage market

N.Y. AG announces ‘nation-leading’ crypto regulation
New York Attorney General Letitia James announced “nation-leading” regulations on the cryptocurrency industry which aims to protect investors, consumers, and the broader economy. The Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act was proposed to the New York State Assembly and State Senate by James’ office in collaboration with New York Department of Financial Services.

 

SEC charges HSBC and Scotia Capital with recordkeeping failures
The Securities and Exchange Commission announced charges against HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. for “widespread and longstanding” failures by both firms and their employees to maintain and preserve electronic communications.

 

ICYMI: Economic forecast from real estate expert
A new installment of October Research’s Economic Forecast webinar series welcomes international real estate expert Dr. Ted Jones, who delved into numerous topics affecting the title industry, housing and the mortgage market.

 

FHFA seeks input on single-family pricing framework
The Federal Housing Finance Agency (FHFA) issued a request for input (RFI) on Fannie Mae and Freddie Mac’s single-family pricing framework. The RFI solicits public feedback on the goals and policy priorities that FHFA should pursue in its oversight of the pricing framework.
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