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          in U.S. News and World Report. “One principle of taxation   CFPB Revises Small Entity
          is treating similar businesses in a similar manner. That does   Compliance Guide on TRID
          not always happen, and tax reform presents the opportunity
          to get it right,” wrote Diana Furchtgott-Roth. “For instance,   The CFPB has issued the fifth version of its small entity
          credit unions are exempt from income taxes, even though they   compliance guide for the TILA-RESPA integrated disclosures.
          function in a similar manner to banks, which are taxed. This   The latest revision incorporates amendments and clarifications
          makes no sense.”                                       made in a July final rule.
          To read more visit:  To download the guide visit:
          To view the website visit:

          FDIC to Host Teleconference                            House Passes Liquidity Bill
          on New HMDA Requirements                               By voice vote, the House has passed H.R. 1624, a bipartisan bill
                                                                 that would expand banks’ ability to count municipal securities
          As banks prepare to comply with the                    as High-Quality Liquid Assets (HQLA) under the Liquidity
          2015 Home Mortgage Disclosure                          Coverage Ratio (LCR). Due to the role banks play as investors
          Act amendments next year, the                          in municipal markets, expansion of the HQLA definition is
          FDIC announced that it will host a                     expected to be beneficial for all banks, not just those covered
          teleconference on Thursday, Oct. 26                    by the LCR.
          at 1:30 p.m. EDT to discuss the new
          requirements. A Q&A session will  follow  the presentation.
          Bankers wishing to attend the teleconference must register in
          To read more visit:

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