The Consumer Financial Protection Bureau today released several resources to help banks and other entities understand their obligations under the Home Mortgage Disclosure Act and Regulation C.
New regulations finalized in 2015 will cost the financial services industry $9.4 billion and consume 14 million hours of paperwork, according to a new analysis by the American Action Forum.
Data governance is the key not only to effective compliance management but also to risk and performance management.
The Consumer Financial Protection Bureau today finalized a rule required by the Dodd-Frank Act that expands the data lenders are required to collect and report under the Home Mortgage Disclosure Act. The new required information includes the property value, loan term and the duration of any introductory interest rates, as well as underwriting and pricing