In a letter to the Consumer Financial Protection Bureau on Wednesday, the American Bankers Association joined several financial and real estate trade organizations in calling for amendments to the loan originator compensation rule that would ensure greater consumer protection while reducing regulatory burden on lenders.
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Mortgages are often siloed within the bank—resulting in inefficiencies and missed opportunities.
The Treasury Department tonight issued a 150-page report making dozens of recommendations for how Congress and regulatory agencies can streamline bank regulation in a way that promotes economic growth.
The year-to-year changes in the average compensation for various job positions offer clear evidence of recent trends in the financial institutions industry.
The Consumer Financial Protection Bureau yesterday issued a “Supervisory Highlights” report that outlined several areas of concern its examiners have found related to mortgage origination and servicing, fair lending and debt collection, among other topics.
The FDIC will hold a teleconference for bankers on the Consumer Financial Protection Bureau’s mortgage rules on May 21.