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The CFPB has filed a complaint in federal court against two companies operating under the name “FDAA,” a service provider, and their owners for falsely presenting FDAA as being affiliated with the federal government. The CFPB also alleges that FDAA’s so-called “debt validation” programs violated the law by falsely promising to eliminate consumers’ debts and improve their credit scores in exchange for thousands of dollars in advance fees. The CFPB’s lawsuit seeks to end these deceptive practices, obtain redress for harmed consumers, and impose civil money penalties.

The OCC has issued Bulletin 2017-40 to make public Policies and Procedures Manual 5004-43, which sets the OCC’s policy and framework for determining the effect of evidence of discriminatory or other illegal credit practice on the CRA rating of a national bank, federal savings association, or federal branch.

On August 15, 2017, the Small Business Administration published a request for information seeking input from the public on identifying which of the Agency’s regulations should be repealed, replaced or modified because they are obsolete, unnecessary, ineffective, or burdensome. That request established a 60-day comment period closing on October 16, 2017. The SBA has published in today's Federal Register a notice extending the deadline for comments on the SBA's regulations from October 16, 2017, to November 15, 2017.

The Federal Reserve Board has announced its issuance of two orders for civil money penalties totaling $19,000 to banks in Louisiana and Montana, for patterns or practices of violations of the National Flood Insurance Act and Regulation H.

As a part of the October 2017 NMLS update release, the NMLS site will undergo system maintenance on Saturday, October 14. NMLS and Consumer Access will be unavailable from 6:30 a.m. to 11:00 a.m. EDT.

To support implementation of the recently issued 2017 TILA-RESPA Rule, the CFPB has published an updated Small Entity Compliance Guide (Version 5) for the TRID rule. The updated guide is available on the Bureau's TRID Rule implementation page.

The U.S. Department of Housing and Urban Development (HUD) has announced it is charging the owner and manager of a West St. Paul, Minnesota, apartment complex with discrimination for refusing to allow an Army veteran, who served tours of duty in Iraq and Afghanistan, to keep an emotional support animal.

• Copy of complaint

FDIC FIL-47-2017, issued Friday, has announced a teleconference to discuss implementation of the Home Mortgage Disclosure Act (HMDA) Final Rule requirements that become effective beginning in 2018. The teleconference is scheduled for Thursday, October 26, 2017, from 1:30 p.m. to 3:00 p.m. Eastern Time. Advance registration is required.

Acting Comptroller of the Currency Keith A. Noreika discussed efforts to reduce regulatory burden and expand economic opportunity. In his remarks at the Midsize Bank Coalition of America Chief Risk Officer meeting in Dallas, the Acting Comptroller also highlighted risks facing those banks and the federal banking system.

The OCC will host two workshops at the Holiday Inn Louisville Airport, Louisville, Kentucky, November 14-15, for directors of national community banks and federal savings associations.The Credit Risk workshop on November 14 focuses on credit risk within the loan portfolio. The workshop also covers the roles of the board and management, how to stay informed of changes in credit risk, and how to effect change. The Operational Risk workshop on November 15 focuses on the key components of operational risk—people, processes, and systems. The workshop also covers governance, third-party risk, vendor management, and cybersecurity.