Compliance

The editorial board of the New York Times accused President Trump of using an ongoing court case regarding the constitutionality of the leadership structure of the Consumer Financial Protection Bureau (CFPB)
The editorial board of the New York Times accused President Trump of using an ongoing court case regarding the constitutionality of the leadership structure of the Consumer Financial Protection Bureau (CFPB) as a springboard for what it dubbed a “bigger power play” to expand the Executive Branch’s... Keep Reading....
The federal government has announced a 180-day extension into its investigation of foreign entities that may be using U.S. real estate purchases for money laundering
The federal government has announced a 180-day extension into its investigation of foreign entities that may be using U.S. real estate purchases for money laundering.   According to a Reuters report, the extension by the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN)... more
Republican leaders in Congress are calling on Federal Reserve Chairwoman Janet Yellen
Republican leaders in Congress are calling on Federal Reserve Chairwoman Janet Yellen to hold off implementing new rules until President Trump fills the vacancy for the central bank’s vice chairman for supervision.   According to a Bloomberg report, Rep. Jeb Hensarling (R-TX), chairman of the House... more
Question: Have there been any recent changes or developments concerning Testing and Education Requirements for non-bank Mortgage Loan Originators?   Answer  At the recent NMLS Annual Conference held in Austin, TX, I attended a break-out session conducted by SRR officials Pete Marks and Rich Madison... more
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million civil penalty against Coppell, Texas-based Nationstar Mortgage LLC
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.... more