Browsing: Compliance and Risk

Compliance and Risk

The Federal Financial Institutions Examination Council should “formally establish a transition period” in anticipation of the new TILA-RESPA integrated disclosures taking effect Oct. 3, ABA said in a letter to top financial regulators today.

Compliance and Risk

By a 3-2 vote, the Securities and Exchange Commission today approved a final rule requiring public companies to disclose the ratio of the annual compensation of the CEO to the median of the annual compensation of the company’s employees.

Compliance and Risk

Mortgage borrowers who had access to electronically viewed and signed documents at closing — or “eClosings” — felt more empowered, understood the process better and saw greater efficiencies, according to a pilot program conducted by the Consumer Financial Protection Bureau at seven lenders.

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