Compliance

Sen. Elizabeth Warren (D-MA) is amassing more $1 million per month in the fundraising for her 2018 re-election bid
Sen. Elizabeth Warren (D-MA) is amassing more $1 million per month in the fundraising for her 2018 re-election bid.   According to an Associated Press report, Warren’s campaign brought in about $3 million during the third quarter and approximately $3.4 million in the second quarter. Warren... Keep Reading....
The Consumer Financial Protection Bureau (CFPB) issued an interim final rule and a proposed rule to provide mortgage servicers designed to alleviate and clarify requirements related to communicating with borrowers
The Mortgage Bankers Association (MBA) is considering the future of the Consumer Financial Protection Bureau (CFPB) with a new white paper titled “CFPB 2.0: Advancing Consumer Protection,” which was prepared for the trade group by the law firm of Covington and Burling.   The white paper examines... more
President Trump has nominated Brian D. Montgomery to become an Assistant Secretary of the Department of Housing and Urban Development (HUD) and commissioner of the Federal Housing Administration (FHA)
President Trump has nominated Brian D. Montgomery to become an Assistant Secretary of the Department of Housing and Urban Development (HUD) and commissioner of the Federal Housing Administration (FHA), a position that he held from 2005 to 2009.   Montgomery is currently Vice Chairman of The... more
The U.S. Department of Justice has filed a civil complaint in federal court against Paul Mangion
The U.S. Department of Justice has filed a civil complaint in federal court against Paul Mangione, former Deutsche Bank Head of Sub-prime Trading, alleging that Mangione misrepresented the characteristics of loans backing two pre-recession residential mortgage-backed securities (RMBS) that Deutsche... more
Federal Reserve Vice Chairman Stanley Fischer submitted his resignation this morning, effective on or around Oct. 13
Federal Reserve Vice Chairman Stanley Fischer submitted his resignation this morning, effective on or around Oct. 13.   Fisher was an Obama-era appointee, joining the central bank’s governing team in 2014. His term as vice chairman was set to expire in June 2018, while his position on the board of... more