The Nutter Bank Report is a monthly publication of the
firm's Banking and Financial Services Group.
Headlines
1. CFPB Issues FCRA Compliance Guidance for Furnishers of Consumer
Information
2. Joint Advisory Explains Potential Effects of New Massachusetts
Title Clearing Law
3. CFPB Announces No-Action Letter Policy for New Consumer
Financial Products
4. OCC Updates Guidance on Installment Lending and Country Risk
Management
5. Other Developments: 18-Month Exam Cycle and TRID Rule
1. CFPB Issues FCRA Compliance Guidance for Furnishers of
Consumer Information
The CFPB has issued new compliance guidance on the obligation of
furnishers of consumer credit information to establish and
implement reasonable written policies and procedures concerning the
accuracy and integrity of the consumer information that they
furnish to consumer reporting agencies ("CRAs"). The new
guidance, published as CFPB Compliance Bulletin 2016 01 on February
3, resulted from recent
