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The OCC has released a list of Community Reinvestment Act performance evaluations that became public during September. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance. Of the 26 evaluations listed, ten carried outstanding ratings and 16 are rated satisfactory.

HUD has announced the awarding of a total of $500 million to help Louisiana, Texas and West Virginia to recover after severe flooding events that occurred earlier this year. The funds are provided through the agency’s Community Development Block Grant – Disaster Recovery (CDG-DR) Program.

The NCUA has announced it will host “Loan Underwriting: Back to the Basics!! – Looking Beyond the FICO Score,” a free 90-minute webinar, on November 9, 2016, beginning at 2 p.m. EST.

The CFPB has posted updated versions of two "Know Before You Owe" (TRID Rule) compliance guides. October 7, 2016, versions of the Small entity compliance guide and the Guide to loan estimate and closing disclosure forms are now available on the Bureau's TILA-RESPA Integrated Disclosure rule implementation page.

FDIC FIL-64-2016, issued October 11, announces steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of North Carolina affected by Hurricane Matthew.

HUD has announced it will speed federal disaster assistance to the States of North Carolina, Florida, and Georgia and provide support to homeowners and low-income renters forced from their homes due to Hurricane Matthew.

The CFPB has issued a consent order to the Navy Federal Credit Union, which is the largest credit union in the country, with over $73 billion in assets as of last year-end, ordering the credit union to make redress payments totaling $23 million to consumers and pay a $5.5 civil money penalty for unfair and deceptive debt collection acts and practices. The Bureau investigation found that Navy Federal Credit Union deceived consumers to get them to pay delinquent accounts. The credit union falsely threatened severe actions when, in fact, it seldom took such actions or did not have authorization to take them. The credit union also cut off members’ electronic access to their accounts and bank cards if they did not pay overdue loans. The Bureau said that the credit union falsely threatened legal action and wage garnishment and to contact commanding officers about a consumer's debt, misrepresented the consequences of being delinquent on a loan, and illegally froze members' access to their accounts.

For details on the Bureau's action, see "Navy FCU pays $5.5MM CMP for debt collection practices," in our Penalties pages.

The Federal Reserve Board has posted the August 2016 G.19 consumer credit report data. Consumer debt increased at a seasonally adjusted annual rate of 8-1/2 percent. Revolving credit increased at an annual rate of 7 percent, while nonrevolving credit increased at an annual rate of 9 percent.

FDIC FIL-62-2016 has announced measures to provide regulatory relief to financial institutions and to facilitate recovery in areas of Florida affected by Hurricane Hermine. With Hermine now "old news" in Florida, we can expect another announcement in the wake of Hurricane Matthew, now ravaging the Sunshine State and threatening Georgia and the Carolinas.

The NCUA reports that Chairman Metsger has submitted a letter to the CFPB requesting an exemption from the final CFPB payday lending rule for NCUA’s payday alternative loan rules. “We respectfully request the Bureau exempt FCUs completely from its final rule for loans made under and consistent with NCUA’s PALs regulation,” Metsger said in his letter. “As the prudential regulator for federal credit unions, NCUA already ensures that members receive the type of protections the Bureau is seeking to address. The Bureau should therefore defer to determinations of the FCU prudential regulator about this product.”