Residential Property Assessed Clean Energy Financing (Regulation Z)
The CFPB amends Regulation Z to clarify how the Truth in Lending Act applies to PACE transactions. This rule does not specify a deadline for compliance.
Public regulatory intelligence
What changed and why it matters
A source-linked regulatory intelligence feed for Texas credit union compliance and executive leadership. Use it to catch up quickly before diving into the underlying material.
Start with the clearest developments below, then open the original source material when you need the governing detail. The source remains the authority.
Overdraft Lending: Very Large Financial Institutions Final Rule
The CFPB final rule aims to enhance consumer comparison shopping for overdraft lending products and includes substantial protections similar to those in other consumer credit products. This regulation applies to very large financial institutions.
Sunshine Meeting Notice: FDIC Board of Directors Meeting
The FDIC Board of Directors will meet in open session on December 17, 2024, at 10:00 a.m. The meeting will be accessible via webcast only. No specific actions are required for Texas credit unions.
Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications
Final rule grants the CFPB authority to supervise and examine larger participants in the market for general-use digital consumer payment applications; no explicit action items or deadlines are mentioned.
Fair Credit Reporting Act Disclosures Annual Adjustment
The final rule amends an appendix for Regulation V implementing the Fair Credit Reporting Act. This adjustment requires credit unions to update their FCRA disclosures annually.
Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages)
The final rule revises dollar amounts for provisions implementing TILA and its amendments. It affects credit cards, HOEPA loans, and qualified mortgages.
FDIC Board of Directors Meeting
The FDIC Board of Directors met in closed session today. Information regarding the meeting is available for review.
Required Rulemaking on Personal Financial Data Rights
The CFPB has initiated required rulemaking under section 1033 of the CFPA to address personal financial data rights. This includes potential new rules and regulations that credit unions will need to comply with.
Statement by Vice Chairman Travis Hill on Board Merger and Deposit Insurance Application Review Process
The FDIC Board approved a resolution requiring recurring briefings on any merger or deposit insurance application outstanding for more than nine months. The first set of required briefings was held during the closed session...
UPDATED: FDIC Board of Directors Meeting
The FDIC Board of Directors met on October 17, 2024. Materials and a recording of the meeting are available for review. No explicit Texas-specific information was provided.
FDIC Board of Directors Meeting
The FDIC Board of Directors met on October 17, 2024. Materials and a recording of the meeting are available for review.
Consumer Leasing (Regulation M) Annual Threshold Adjustments
The dollar threshold for exempt consumer leases under Regulation M has increased from $61,000 to $66,400. This change will take effect on January 1, 2023.
Appraisals for Higher-Priced Mortgage Loans Exemption Threshold Adjustments
- The dollar threshold for exemptions from special appraisal requirements for higher-priced mortgage loans has increased from $28,500 to $31,000.
- This change becomes effective January 1, 2023.
Truth in Lending (Regulation Z) Threshold Adjustments
The dollar threshold for exempt consumer credit transactions under Regulation Z has been increased from $61,000 to $66,400; this change takes effect on January 1, 2023.
Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt
• Debt collectors must avoid false, deceptive, or misleading representations when collecting medical debts.
• The Fair Debt Collection Practices Act and Regulation F prohibit unfair or unconscious means in debt collection.
Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed
The Truth in Lending Act applies to transactions where consumers purchase homes under a contract for deed. Credit unions need to ensure compliance with these regulations to protect consumer rights.
Quality Control Standards for Automated Valuation Models
The final rule implements quality control standards for the use of automated valuation models by mortgage originators and secondary market issuers. These standards aim to ensure accurate determination of collateral worth in mortgages secured...
A Guide to Consumer Assistance
The article provides guidance on how credit unions can assist consumers. It includes best practices for handling consumer inquiries and complaints.
CISA Statement on Iranian Cybersecurity Threats
CISA reports an increase in malicious cyber activity by Iranian regime actors and proxies targeting U.S. industries and government agencies; CISA will continue monitoring and sharing information.
CISA’s ICT Supply Chain Risk Management Task Force Makes Key Acquisition Recommendation
The ICT Supply Chain Risk Management Task Force updated members on progress towards developing an initial recommendation for identifying and managing risks in global ICT supply chains. The task force includes CISA and government/industry...
CISA Releases National Critical Functions Set
The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) has released the inaugural set of National Critical Functions, which include functions vital to security, national economic security, public health, or safety. These...
CISA Partners with Secure Community Network to Hold Incident Response Exercise
- CISA and Secure Community Network conducted a tabletop exercise involving Jewish community leaders and law enforcement for incident response planning.
- The exercise focused on scenarios of violence threats, based on current events.
CISA’s ICT Supply Chain Risk Management Task Force Launches Work Streams
The Cybersecurity and Infrastructure Security Agency (CISA) and government and industry members of the ICT Supply Chain Risk Management Task Force convened to launch work streams. These efforts are aimed at managing supply chain...
Statement from CISA Director Krebs on Election Security
CISA Director Krebs released a statement on the agency’s election security work; no explicit mentions of Texas or Texas-specific entities.
DHS Announces ICT Supply Chain Risk Management Task Force Members
The DHS convened the first meeting of the ICT Supply Chain Risk Management Task Force; this task force aims to develop recommendations for managing risks in the global ICT supply chain. The initiative is...