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The OCC will host two workshops in San Diego on October 24 and 25 for directors of national community banks and federal savings associations supervised by the agency.

• The Compliance Risk workshop on October 24 will focus on the critical elements of an effective compliance risk management program, and on major compliance risks and critical regulations. Topics of discussion include the Bank Secrecy Act, Flood Disaster Protection Act, Fair Lending, Home Mortgage Disclosure Act, Community Reinvestment Act, and other compliance areas of interest.
• The Operational Risk workshop on October 25 will focus on the key components of operational risk—people, processes, and systems— and on governance, third-party risk, vendor management, and cybersecurity.

The Federal Reserve, FDIC, and OCC have announced a joint notice of proposed rulemaking to amend their respective Community Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). In particular, the agencies are proposing to amend their CRA regulations to revise the definitions of "home mortgage loan" and "consumer loan," as well as the public file content requirements. These revisions would maintain consistency between the CRA regulations and the recent changes to Regulation C, which generally become effective on January 1, 2018. Comments on the proposal will be accepted for 30 days after publication in the Federal Register.

UPDATE: Published in the Federal Register on September 20, 2017, with comments due by October 27, 2017.

The Department of Housing and Urban Development has announced it will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma. HUD reported that this week, President Trump issued a major disaster declaration for Broward, Charlotte, Clay, Collier, Duval, Flagler, Hillsborough, Lee, Manatee, Miami-Dade, Monroe, Palm Beach, Pinellas, Putnam, Sarasota and St. Johns counties. The President’s declaration allows HUD to offer foreclosure relief and other assistance to certain families living in the impacted counties. HUD is:

• Granting immediate foreclosure relief – HUD granted a 90-day moratorium on foreclosures and forbearance on foreclosures of FHA-insured home mortgages. There are approximately 280,000 FHA-insured Florida homeowners living in the impacted counties.
• Making mortgage insurance available – HUD's Section 203(h) program provides FHA insurance to disaster victims who have lost their homes and are facing the daunting task of rebuilding or buying another home. Borrowers from participating FHA-approved lenders are eligible for 100 percent financing, including closing costs;
• Making insurance available for both mortgages and home rehabilitation– HUD's Section 203(k) loan program enables those who have lost their homes to finance the purchase or refinance of a house along with its repair through a single mortgage. It also allows homeowners who have damaged houses to finance the rehabilitation of their existing single-family home;
• Providing information on housing providers and HUD programs – The Department will share information with FEMA and the State on housing providers that may have available units in the impacted counties. This includes public housing agencies and multi-family owners. The Department will also connect FEMA and the State to subject matter experts to provide information on HUD programs and providers.
• Assisting the State of Florida and local governments in re-allocating existing federal resources toward disaster relief – HUD's Community Development Block Grant (CDBG) and HOME programs give the State and communities the flexibility to redirect millions of dollars in annual formula funding to address critical needs, including housing and services for disaster victims. HUD is currently contacting State and local officials to explore streamlining the Department's CDBG and HOME programs in order to expedite the repair and replacement of damaged housing; and,
• Offering Section 108 loan guarantee assistance– HUD will offer state and local governments federally guaranteed loans for housing rehabilitation, economic development and repair of public infrastructure.

The CFPB's August 2017 HMDA final rule was published [82 FR 43088] in today's Federal Register.

The CFPB has announced that recent supervisory actions have resulted in $14 million in relief to more than 104,000 harmed consumers from January through June 2017. Findings in the Bureau's Summer 2017 Supervisory Highlights report include that some banks misled consumers about checking account fees or overdraft coverage, and some credit card companies deceived consumers about pay-by-phone fees. The report also found some auto lenders had wrongly repossessed consumers’ vehicles, and some debt collectors improperly communicated with consumers about debts. CFPB’s examiners also found some companies did not follow the Know Before You Owe mortgage rules and some servicers failed to follow steps required by the Bureau’s mortgage servicing rule to work with borrowers trying to avoid foreclosure.

The Federal Reserve Board has announced the execution of a Written Agreement with the Wisconsin Department of Financial Institutions and Markesan State Bank, Markesan, Wisconsin.

The Federal Reserve Board has released the July 2017 G.19 Consumer Credit report, which indicates that, in July, consumer credit increased at a seasonally adjusted annual rate of 6 percent. Revolving credit increased at an annual rate of 3-1/4 percent, while nonrevolving credit increased at an annual rate of 7 percent.

The OCC has Issued Bulletins 2017-35 and 2017-36 to announce the revision of the "Flood Disaster Protection Act" and "Foreword" booklets of the Comptroller's Handbook.

In observance of the 27th anniversary of the Americans with Disabilities Act, the CFPB has announced a new financial empowerment tool for people with disabilities. A companion guide contains information and tips based on insights from people with disabilities and organizations that serve the disability community.

The NCUA has released Second Quarter 2017 credit union system performance data.