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Pennsylvania Attorney General Shapiro Solicits Redlining Complaints from Consumers (11/9/18) Attorney General Josh Shapiro is urging mortgage borrowers and home loan applicants in the Philadelphia area to file complaints if they believe they may have been victims of redlining or experienced irregularities when looking for a mortgage or home loan. Shapiro cited an investigative article published earlier this year that purportedly identified a pattern of discrimination in which African American borrowers were 2.7 times more likely to be denied a home mortgage in Philadelphia than white borrowers as the basis for his call for complaints and ongoing investigation of redlining in the Philadelphia area. ABA anticipates that the publication of the 2018 HMDA data will generate additional redlining investigations and urges members to consider joining ABA’s HMDA Benchmarking Study​ to ensure that institutions understand and can explain their HMDA data.

Associations Support Creation of a Federal Privacy Framework (11/9/18) In a comment letter to NTIA, ABA, BPI and SIFMA expressed their support in the creation of a federal privacy framework, but point out that the financial sector has long been subject to comprehensive federal, state, and international standards on the privacy and security of customer information. While it makes sense to have a uniform approach across all sectors, the existing foundation that applies to the financial sector must be recognized and incorporated into any broader framework. Any new framework must not be inconsistent or duplicative of the existing mandates that apply to the financial sector, the associations said. For more information, contact ABA's Rob Rowe.​

 

 Compliance Due Dates

 

Nov. 19 — Comments Due — Comment Request on Reforming CRA​​​​​​​ ​​​

 

 CFPB RFIs

 
 
See the Bureau's series of Requests for Information (RFIs) seeking comment on its enforcement, supervisory, rulemaking, market monitoring, and educational activities.
 

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