News & Events

As experts in fair lending compliance trends and regulation, Preiss&Associates works hard to stay on top of the latest news and events in the compliance world. We hope these links to some of the most talked-about compliance and regulatory news stories will help you do the same. And if you’re interested in talking more about anything you read here, please don’t hesitate to leave a comment, visit us on Facebook, Twitter or LinkedIn or give us a call!

September 22, 2015: Federal Financial Institutions Examination Council Announces Availability of 2014 Data on Mortgage Lending

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 7,062 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Read more…

August 5, 2015: ABA to Agencies: Put Court’s Disparate Impact Framework into Guidance

ABA today asked the financial regulators and law enforcement agencies to include in their guidance, exam procedures and appropriate regulations the Supreme Court’s framework for using disparate impact analysis to enforce the Fair Housing Act. Read more…

July 9, 2015: CFPB Reports Continued Mortgage Servicing and Other Violations of Consumer Financial Law

The Consumer Financial Protection Bureau (CFPB) and Department of Justice (DOJ) resolved an action last month with American Honda Finance Corporation that will put new measures in place to address discretionary auto loan pricing and compensation practices. Read more…

June 26, 2015: CFPB Supervisory Report Highlights Violations in Consumer Reporting, Debt Collection, Student Loan Servicing, Mortgage Origination and Servicing, Fair Lending

In its Summer 2015 Supervisory Highlights, which covers supervision work generally completed between January and April 2015, the CFPB highlights legal violations resolved using non-public supervisory actions involving consumer reporting, debt collection, student loan servicing, mortgage origination and servicing, and fair lending. Read more…

June 25, 2015: Supreme Court OKs Disparate Impact Analysis under Fair Housing Act

The U.S. Supreme Court ruled today that disparate impact claims are enforceable under the Fair Housing Act. The decision in the case — Texas Department of Housing and Community Affairs v. Inclusive Communities Project — included a note of caution that statistical disparities only impose liability if plaintiffs can connect it to a defendant’s policy causing the disparity in order to “protect defendants against abusive disparate-impact claims.” Read more…