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Financial Services Law Insights and Observations

FDIC updates Consumer Compliance Examination Manual

Agency Rule-Making & Guidance FDIC Compliance Examination Fair Lending TILA Consumer Leasing Act CRA

Agency Rule-Making & Guidance

On March 2, the FDIC announced updates to its Consumer Compliance Examination Manual (CEM). The CEM includes supervisory policies and examination procedures for FDIC examination staff evaluating financial institutions’ compliance with federal consumer protection laws and regulations. The recent updates include, among other things, changes to the sections and questions related to (i) fair lending laws and regulations and the Fair Lending Scope and Conclusions Memorandum; (ii) TILA and the Consumer Leasing Act; and (iii) the asset-based definitions for small, intermediate, and large institutions for the Community Reinvestment Act.

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