Washington Report 360 | October 28, 2022

Fees. Credit models and appraisal data. Consumer financial data. NY CRA revisions.

Key Highlights

  • Fees. Multiple regulatory actions related to fees: SEC final rule, CFPB guidance (Circular and Bulletin), and FTC ANPR.   (See KPMG’s Regulatory Alert here.)
  • Credit models and appraisal data. FHFA approved new credit models, public availability of appraisal data, and changes to guaranteed fee pricing. 
  • Consumer financial data. CFPB released an outline of proposals under consideration to implement section 1033 of the Dodd-Frank Act (step toward “open banking”).  (See KPMG’s Regulatory Alert here.)
  • NY CRA revisions. The NYDFS proposed revisions to its previously proposed NY State CRA regulations evaluate lending to minority- and women-owned businesses.
Financial services regulatory news
SEC
CFTC
FINRA
FDIC
OCC
CFPB
  • Guidance (Circular and Bulletin) on surprise deposit account fees
  • Outline of proposed rulemakings under consideration regarding personal financial data rights; related remarks here
Treasury
NY DFS
  • Revised proposed CRA regulation to improve lending to minority and women-owned businesses
FHFA
BIS
  • With several central banks, announced successful completion of pilot project on cross-border CBDC payment platforms

 

Financial services policy news
White House

 

Industry news headlines

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Contact us 

Amy S. Matsuo

Amy S. Matsuo

Regulatory and ESG Insights Leader, KPMG US

+1 919-664-7100