The 2024 compliance outlook
Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-transforming regulatory environment.
Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-transforming regulatory environment.
The bank’s first request for information may not be made simultaneous with or after notifying the applicant of action taken.
The OCC released the third quarter 2023 mortgage metrics report, which showed that 97.3% of first-lien mortgages in the federal banking system were current and performing at the end of the quarter.
And: Must banks include a printed version of their “HMDA Disclosure Statement” in their CRA public file?
Total household debt increased by $228 billion, or 1.3%, to $17.29 trillion in the third quarter of 2023, according to the Federal Reserve Bank of New York’s latest quarterly report on household debt and credit.
The Treasury Department announced that its Federal Insurance Office will soon begin collecting data from insurers to assess climate-related financial risk to consumers.
The OCC released the second quarter Mortgage Metrics Report, which showed that 97.3% of first-lien mortgages in the federal banking system were current and performing at the end of the quarter, compared with 97.6% in Q1.
Higher interest rates led to a significant reduction in overall mortgage affordability in 2022, according to the CFPB’s annual report on residential mortgage lending activity and trends.
The Federal Housing Administration, Federal Housing Finance Agency and other federal housing agencies have released a list of the various forms of assistance available to homeowners and renters in Hawaii following the Maui wildfires.
The proposed rule would authorize the suspension of business between regulated FHFA entities and counterparties found to have committed misconduct in the context of civil enforcement actions or that have committed criminal or civil misconduct in connection with the management or ownership of real property.