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ABA's Center for Regulatory Compliance is your gateway to support for meeting the challenges of managing compliance risk. We provide direct access to regulatory expertise, up-to-date reports on agency initiatives, and the resources to assist you in keeping pace with the demands of supervisory oversight.

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ABA: Revise Mortgage Rules to Avoid Harming Creditworthy Borrowers (6/18/13)
James Gardill, chairman of Wesbanco Inc. in Wheeling, W.Va., testified on ABA’s behalf at a hearing of the House Financial Services Subcommittee on Financial Institutions. In his testimony, Gardill testified that the new Ability to Repay and Qualified Mortgage rule should be revised because it creates a narrowly defined box that consumers must fit in to qualify for a QM-covered loan, limiting access to mortgage credit. “Since banks will make few, if any loans that do not meet QM standards, many American families that are creditworthy but don’t fit inside the QM ‘box’ will be denied access to credit,” Gardill said. “In practice, this also likely means that less affluent communities may not be given the support they need to thrive. These rules may leave many communities largely underserved in the mortgage space.”
Agencies Release 2013 List of Distressed or Underserved Areas (6/18/13)
The federal bank and thrift regulatory agencies on June 18 released the 2013 list of distressed or underserved nonmetropolitan middle-income geographies where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as "community development."
CFPB Participates in National Day of Civic Hacking (6/18/13)
The Consumer Financial Protection Bureau asked participants of the National Day of Civic Hacking to analyze the CFPB's Consumer Complaint Database and challenged them to come up with ways to empower consumers by building tools and visualizations using complaint data. The National Day of Civic Hacking is a collaborative event that aims to build and invent using publicly-released data, code and technology to solve challenges relevant to communities. The event took place across the country on June 1 and 2.
DoD Comment Request on Consumer Credit Protections for Servicemembers (6/17/13)
The Department of Defense (DoD) has issued an advanced notice of proposed rulemaking (ANPR) requesting feedback on whether to revise the existing protections for servicemembers (e.g., the Military Lending Act, the Talent Amendment). Comments are due by August 1. For questions, contact ABA's Rob Rowe.
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