Financial institutions news from around the web: February 6 – 10, 2023

NCUA alerts CUs to concerning changes in HMDA reporting 

Court ruling reduces the reporting threshold for closed-end mortgage loans from 100 to 25. 

CFPB proposes rule to rein in excessive credit card late fees 

Proposed rule seeks to close loophole exploited by companies to hike fees with inflation. 

Small banks, fintechs ask CFPB for more time to phase out screen scraping 

A CFPB proposal aims to eliminate screen scraping by requiring banks to establish APIs, standardized software widely regarded as a more secure way to connect consumers’ accounts to financial apps. 

Relationship lending in the digital age 

In an age when most people access banking through digital channels, is there a future for old-school relationship lending? This podcast episode from the FDIC discusses whether the explosion of financial technology spells the end of human-to-human banking.