Compliance

The banking and credit union industries may not agree on many things, but they are in agreement that the Consumer Financial Protection Bureau (CFPB) needs to rethink the changes to the Home Mortgage Disclosure Act (HMDA) that is due to take effect on Jan. 1, 2018.   The Independent Community... Keep Reading....
Multicultural
The Federal Housing Finance Agency (FHFA) has issued a Request for Input on lending and servicing issues faced by mortgage borrowers with Limited English Proficiency (LEP). “Originators and servicers cite uncertainty about how they can provide services or resources in languages other than English... more
Question: We have an advertisement on our Web site and we also send out an e-mail advertisement that is the same as the Web site ad. Are these considered a single advertisement? If so, what are the obligations for each advertisement?  Answer Multiple advertisements in any media, such as Web page... more
There appears to be a significant lack of unison when it comes to Republican efforts to consider the future of the Consumer Financial Protection Bureau (CFPB)
There appears to be a significant lack of unison when it comes to Republican efforts to consider the future of the Consumer Financial Protection Bureau (CFPB), with the White House assuming the agency’s structure will face changes while House and Senate GOP leaders offer conflicting views on the... more
The Trump Administration has announced its proposed 2018 budget for the U.S. Department of Housing and Urban Development (HUD)
The Trump Administration has announced its proposed 2018 budget for the U.S. Department of Housing and Urban Development (HUD), which includes up to $400 billion in new loan guarantee authority and making changes to strengthen Federal Housing Adminsitration’s (FHA) Home Equity Conversion Mortgage (... more