Final Rule on the Frequency of Asset Assessment Fees (RCW 34.05.325(6))

Starting January 1, 2016, Washington State asset assessment fees will be collected on a semi-annual basis, rather than the current quarterly basis.  This will bring the collection of State assessment fees closer to the Federal assessment fees practice.  The annual aggregate amount will not change.

CFPB Consumer Credit Card Market Report

The CFPB released its report on the consumer credit card market.  Essentially, this is 300 pages of the Bureau tooting their own horn regarding improvements in the credit card market in the wake of the CARD Act.  The report covers credit card agreement terms, issuer practices, adequacy of protections against unfair or deceptive acts or practices relating to credit cards, … Read More

Home Mortgage Disclosure Act (Regulation C) Small Entity Compliance Guide

On October 13, 2015, the CFPB amended Regulation C expanding the reporting requirements.  Included in the changes were the definitions of covered institutions and covered transactions, changes to public requests, submission of reports, along with new and modified data fields – for a total of 48 fields. The CFPB released its Compliance Guide that includes the key changes and effective … Read More