Browsing: Compliance and Risk

Compliance and Risk

By Leslie Callaway, Mark Kruhm and Rhonda Castaneda ABA Center for Regulatory Compliance MLOs and LOs: Same Difference? Will you please explain the difference between a Mortgage Loan Originator (MLO) under the S.A.F.E. Act and a Loan Originator (LO) under Regulation Z? All MLOs are LOs, but not all LOs are MLOs! Reg Z uses the terminology Loan

Compliance and Risk

The May/June issue of ABA Bank Compliance magazine, now available online for subscribers, features a cover story on what continuing class action and enforcement litigation means for frontline bank compliance. Other stories cover what bankers are doing to “derisk,” how to build a positive compliance risk management culture and how to handle a change in

Compliance and Risk

Customers deserve the same level of protection whether they do business with nonbank payment startups or banks, ABA President and CEO Frank Keating said in an American Banker op-ed today. Keating was responding to arguments by former Treasury Secretary Larry Summers that nonbanks are at a regulatory disadvantage. “Banks provide extensive protections to consumers on