CFPB publishes amendments to mortgage rules

Earlier this year, the CFPB offered revisions to Reg Z’s definition of small creditor, and rural and underserved areas, under the Truth in Lending Act (Rule). The revisions were officially listed in the Federal Register today. The Rule becomes effective Jan. 1, 2016 and it also makes technical changes and clarifications to other sections of […]

FFIEC releases 2014 mortgage data

The Federal Financial Institutions Examination Council (FFIEC) is now making available the data on mortgage lending transactions at 7,062 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).  The HMDA data covers 2014 lending activity, and includes applications, originations, purchases and sales of loans, denials, and other actions related to applications. The HMDA […]

Inside look at Target data breach

According to the Krebs on Security website, once the Target data breach happened in 2013, the company found that when hackers were inside the store’s system, there were no safeguards in place to keep them from gaining customer’s personal information. Krebs on Security obtained an internal document that shows that Target hired Verizon experts to […]