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On September 8, 2014, the Consumer Financial Protection Bureau (CFPB) issued an updated Small-Entity Compliance Guide to the new TILA-RESPA integrated disclosure rule. This updates the original guide issued in April 2014 to provide additional resources on the rule and to clarify questions related to the seven-day waiting period, Loan Estimate form, and the timing of revisions to the Loan Estimate form. In particular, the CFPB encourages market participants to visit the broad range of resources…
On September 10, 2014, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (collectively, “the Agencies”) requested comment on their  proposed revisions to interagency guidance on the Community Reinvestment Act (CRA), specifically to the Interagency Questions and Answers Regarding Community Reinvestment (Guidance). The proposed revisions are in response to questions and comments that bankers, community organizations, and others recently raised about…