The financial regulators should move quickly to implement the Supreme Court’s guidance on using disparate impact to enforce fair lending rules, according to an editorial in Investor’s Business Daily today.
Browsing: Compliance and Risk
Courts and prosecutors are increasingly finding chief compliance officers personally liable for compliance lapses—and CCOs are watching carefully.
To help answer bankers’ compliance questions about the TILA-RESPA integrated disclosures, which take effect on Oct. 3, the Consumer Financial Protection Bureau released an index of the questions and answers from its five TRID-related webinars.
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.
Thanks to banker grassroots advocacy, bills ABA is advocating as part of its Agenda for America’s Hometown Banks are racking up bipartisan co-sponsors in Congress.
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.
ABA today asked the financial regulators and law enforcement agencies to include in their guidance, exam procedures and appropriate regulations the Supreme Court’s framework for using disparate impact analysis to enforce the Fair Housing Act.
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.
Although few banks offer tax refund-related credit and deposit products, the OCC yesterday issued guidance for managing risks associated with these tax refund products.
The Consumer Financial Protection Bureau today issued a bulletin outlining the obligations of servicers in handling private mortgage insurance under the Homeowners Protection Act.