OCC Updates Guidance on Residential Real Estate
The OCC today updated its Comptroller’s Handbook guidance on residential mortgages, replacing previous guidance and exam procedures issued in 1990,...
Compliance and Risk
Record Attendance as ABA RCC Opens in Washington
Nearly 1,750 bankers and compliance experts -- setting a new attendance record -- convened in Washington, D.C., yesterday for the...
Treasury: U.S. Money-Laundering Totals $300B Annually
Approximately $300 million is laundered annually through the United States, most of it connected to fraud and drug trafficking, the...
ABA Launches Free Course on TRID Compliance
ABA has added a new online course on the TILA-RESPA integrated disclosures to its free Frontline Compliance Training program. Since...
ABA Urges Passage of Bill Creating TRID ‘Hold Harmless’ Period
ABA and several other trade groups yesterday urged the House Financial Services Committee to advance H.R. 2213, a bipartisan bill...
Agencies Finalize Joint Diversity Assessment Standards
Six financial regulators today issued a set of final guidelines for the firms they oversee to assess their diversity policies...
CFPB: Some Reverse Mortgage Ads ‘Confusing’
The Consumer Financial Protection Bureau yesterday issued a report describing several lenders' reverse mortgage advertisements as confusing to seniors. Based...
Banks Join DOJ’s Swiss Bank Program
The Justice Department announced last week that four banks — Société Générale Private Banking (Lugano-Svizzera), MediBank AG, LBBW (Schweiz) AG,...
CFPB Offers Limited Assurances on TRID Enforcement
Consumer Financial Protection Bureau Director Richard Cordray told members of Congress yesterday that when enforcing the TILA-RESPA integrated mortgage disclosures...
