The percentage of Qualified Mortgages originated by banks declined in 2015, falling to 86 percent from 90 percent in 2014, according to ABA’s latest Residential Real Estate Survey released today as the association kicks off its annual Real Estate Lending Conference in San Antonio.
Browsing: Compliance and Risk
The OCC today announced that Donna Murphy has been named deputy comptroller for compliance risk.
A lack of transparency surrounding the process by which federal regulators assess the “living wills” submitted by the nation’s largest banks could undermine public and market trust in the resolution plans and limit accountability on the part of regulators, the Government Accountability Office said in a report released today.
Financial Crimes Enforcement Network Director Jennifer Shasky Calvery today shed light on FinCEN’s recently issued Geographic Targeting Orders aimed at high-end, all cash real estate transactions Manhattan, N.Y., and Miami-Dade County, Fla.
Converting an employee from exempt to nonexempt status is never easy. But reclassifications will be inevitable in almost every organization.
The American Bankers Association and several other bank and credit union trade groups are urging the Department of Defense to issue clarifications of and changes to the new Military Lending Act regulations taking effect in October.
Speaking at the agency’s community banking conference today, FDIC Vice Chairman Thomas Hoenig again offered a “legislative remedy” for excessive and ill-tailored regulatory burden for banks engaged in what he called “traditional banking activities,” which would encompass most community banks and some regional banks as well.
The FDIC today released a special edition of its Supervisory Insights publication that focuses on corporate governance for community banks.
In a comment letter today, ABA criticized the Financial Crimes Enforcement Network’s proposed revisions to the Bank Secrecy Act Currency Transaction Report form.
Lower risk doesn’t necessarily mean lower profits. Banks must proactively update their AML strategies to align with a growth trajectory.