Compliance

The Consumer Financial Protection Bureau (CFPB) has charged Prospect Mortgage LLC with paying illegal kickbacks for mortgage business referrals and ordered it to pay a $3.5 million civil penalty
Another bill has been introduced into the U.S. Senate that challenges the current state of the Consumer Financial Protection Bureau (CFPB).   Sen. Mike Rounds (R-SD), a member of the Senate Banking Committee, introduced legislation to eliminate the CFPB’s funding stream from the Federal Reserve.... Keep Reading....
Commonwealth USA Settlements LLC (CWUSA), a national provider of innovative title and settlement services, has been granted The American Institute of Public Accountants’ Service Organization Control 2 (SOC 2) Type II certification
Commonwealth USA Settlements LLC (CWUSA), a national provider of innovative title and settlement services, has been granted The American Institute of Public Accountants’ Service Organization Control 2 (SOC 2) Type II certification after completing an extensive, independent audit process with a... more
The ranking member of the House Financial Services Committee has expressed that her “greatest desire” is to see the impeachment of President Donald Trump
The ranking member of the House Financial Services Committee has expressed that her “greatest desire” is to see the impeachment of President Donald Trump.   According to a CBS Los Angeles report, Rep. Maxine Waters (D-CA) used an interview with the online Cheddar network to express her wish that... more
The first peals of what might be the death knell for the Dodd-Frank Act were chimed today at the White House
The first peals of what might be the death knell for the Dodd-Frank Act were chimed today at the White House.   According to a New York Times report, President Donald Trump used a meeting with the leaders of major U.S. businesses to announce the signing of a directive calling for changes in key... more
President Trump’s nominations of Sen. Jeff Sessions (D-AR) to become Attorney General and banker Steven Mnuchin to become Secretary of the Treasury, their respective nominations were affirmed amid partisan rancor
One day after Senate Democrats delayed voting on President Trump’s nominations of Sen. Jeff Sessions (D-AR) to become Attorney General and banker Steven Mnuchin to become Secretary of the Treasury, their respective nominations were affirmed amid partisan rancor.   The Senate Judiciary Committee... more