1. Staff members from the Consumer Financial Protection Bureau (CFPB) recently responded to question from American Bankers’ Association members regarding mortgage compliance. Some of the key points during this interchange include the following items: *Creditors may use lender and seller credits to reduce the amounts that are calculated into the points and fees test. A.

1. On Tuesday, April 9th, the Office of the Comptroller of the Currency (OCC) assessed a $25 million penalty against Bank of America, N.A., and its credit card subsidiary FIA Card Services, N.A., and ordered restitution totaling approximately $459.5 million to 1.9 million consumer accounts. The OCC is coordinating its action with the Consumer Financial.