Compliance

The political rancor resulting from President Trump’s comments on last weekend’s events in Charlottesville are not driving White House economic adviser Gary Cohn out of the Administration
The political rancor resulting from President Trump’s comments on last weekend’s events in Charlottesville are not driving White House economic adviser Gary Cohn out of the Administration.   According to a Bloomberg report, an unnamed White House official stated that while Cohn was upset over the... Keep Reading....
Black Knight Financial Services has unveiled its new Index Suite that adds three new indices to the company’s existing Home Price Index (HPI)
Black Knight Financial Services (BKFS) has announced that its LoanSphere Empower loan origination system (LOS) has been verified by Fannie Mae and Freddie Mac to generate Uniform Closing Dataset (UCD) files. Black Knight worked closely with Fannie Mae and Freddie Mac to generate and submit UCD test... more
The Federal Housing Finance Agency (FHFA) has reached a $5.5 billion agreement with Royal Bank of Scotland Group (RBS)
The Federal Housing Finance Agency (FHFA) has reached a $5.5 billion agreement with Royal Bank of Scotland Group (RBS) that settles charges that the financial institution allegedly violated federal and state securities laws in connection with its private-label residential mortgage-backed securities... more
House flipping may look fun and easy on HGTV, but it comes with more than a few strings attached
House flipping may look fun and easy on HGTV, but it comes with more than a few strings attached.   Case in point: David J. Simard pleaded guilty to one count of obstructing the lawful functions of the Internal Revenue Service (IRS) and four counts of failing to file personal and corporate income... more
The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the reporting requirements for banks and credit unions that issue home equity lines of credit (HELOCs)
The Consumer Financial Protection Bureau (CFPB) has issued a new rule that bans companies from using mandatory arbitration clauses that are used to deny groups access to the legal process.   In announcing its rule, the CFPB insisted that its actions would “deter wrongdoing by restoring consumers’... more