December 2020 Updates

As previously mentioned, 2021 thresholds were updated within the Loans & Leasing Channel topics:  Ability to Repay, HMDA and HOEPA. There were no changes to Credit Card fees or Appraisal limits for 2021. In the Accounts channel, Reserve Requirements – Regulation D was revised to comply with the updated Federal Reserve Requirements.  

A new Risk Alert, “Prepare for Inclement Weather and the Potential Hazards That Come with It” was also added.