Browsing: Compliance and Risk

Compliance and Risk

ABA and several housing and financial trade groups yesterday asked the federal banking agencies to issue formal joint guidance through the Federal Financial Institutions Examination Council clarifying how they will examine compliance with the TILA-RESPA integrated disclosures after the new forms and processes take effect Oct. 3.

Compliance and Risk

ABA today filed its third comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct. The letter covered several issues related to flood insurance and money laundering, including currency transaction reports, suspicious activity reports and BSA exams.

Compliance and Risk

The Federal Housing Administration on Monday proposed changes to its lender certification rule in an attempt to clarify when it might seek to recover losses for defective loans. Among other things, the changes require a lender to certify that it has not been convicted of fraud or other disqualifying crimes within the past three years,

Compliance and Risk

Any efforts made by the Consumer Financial Protection Bureau to “normalize” data in its consumer complaints database — that is, weighting it to account for differences that may distort interpretations of the raw data — would be fruitless to consumers without efforts to ensure the accuracy and integrity of complaint information, ABA said in a

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