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TBA News & Headlines

Fannie, Freddie Announce New Buyback Terms

The new terms take effect immediately and apply retroactively to loans sold since Jan. 1, 2013, that have not been subject to a buyback.

CFPB Issues Warning on Documenting Disability Income

Probing for details on a potential borrower’s Social Security disability benefits runs afoul of the Equal Credit Opportunity Act and Regulation B, the Consumer Financial Protection Bureau said in a bulletin yesterday.

State Associations Reinforce Data Breach Message

Reinforcing letters from ABA and national trade groups last week, 53 state bankers associations yesterday wrote to Congress to emphasize the importance of a national standard for data security expectations.

FDIC, DOJ Say They Will Investigate ‘Choke Point’

The FDIC’s inspector general and the Department of Justice’s ethics office have pledged to investigate their agencies’ involvement in “Operation Choke Point,” Rep. Blaine Luetkemeyer (R-Mo.) announced on Friday.