ABA Calls for Changes to CFPB Proposal to Assist Mortgage Borrowers Affected by COVID-19
The American Bankers Association yesterday offered several changes to a recent proposal by the Consumer Financial Protection Bureau to facilitate...
Compliance and Risk
The Long Shadow
COVID-19 continues to pose significant compliance challenges for mortgage servicers.
ABA Slams Fed’s Proposal to Re-Open Durbin Amendment Rulemaking
Amid substantial growth in online purchases in recent years, the Federal Reserve today reopened its rule on the Durbin Amendment.
When Must Banks Refund Mortgage Escrow Surplus?
Questions and answers from the May/June 2021 ABA Regulatory Policy and Compliance Inbox.
ABA Recommends Standards for FinCEN Beneficial Ownership Registry
As the Financial Crimes Enforcement Network prepares to create a new beneficial ownership registry, ABA made several recommendations that should...
ABA, Trade Groups Urge OCC to Formally Withdraw 2020 CRA Rule
The American Bankers Association and nine other financial trade groups called for the OCC to formally withdraw or delay its...
CFPB Reports Examine Mortgage Loans in Forbearance, Consumer Complaints
A recent analysis of mortgages by the CFPB found that an estimated 4.7% of owner-occupied properties were in forbearance as...
A Field Guide to Coming AML/BSA Reforms
Recent legislative changes will keep banks’ Bank Secrecy Act officers busy for years to come. Here’s a CEO’s-eye view of...
Fed: Banks Demonstrated Financial, Operational Resilience During COVID-19
Throughout the COVID-19 crisis, “the benefits of a resilient banking system have been evident” as banks’ “strong capital and liquidity...
Staying One Step Ahead of Credit Risk
Four tips for avoiding commercial real estate defaults as clients emerge from the COVID crisis.
