Regulation and Compliance
Coming Up:
The Fed Names Chairs, Deputy Chairs For 12 Reserve Banks
In recent years, the Federal Reserve System has worked to increase the overall diversity of the Reserve Bank and branch boards of directors and continues to build on those efforts.
The Fed: Rate Hike Likely Coming in June
Federal Open Market Committee's December minutes reveal discussion of first hike in federal funds rate in 2Q of 2022, as well as of ending asset purchases by March.
AARMR No Protection For Savanah Scares
Conference provides opportunity for regulators to interact, discuss common topics
Mortgage Banker
McCargo Sworn In As Ginnie Mae President
Former HUD official becomes the first female to lead the Government National Mortgage Association.
FDIC Chairman Submits Resignation
Departure of Trump-appointed Jelena McWilliams next month expected to lead to stricter regulation as Democrats assert control.
CFPB Cracks Down On LendUp For 'Lying And Illegally Cheating Customers'
The Consumer Financial Protection Bureau forced VC-backed fintech lender, LendUp, to halt making any new loans and collection on certain outstanding loans, as well as to pay a penalty to resolve a Sept. 2021 lawsuit.
Feds: Landlords, Servicers Must Obey Military, Vets' Rights
CFPB, DOJ send joint letters to remind landlords & mortgage servicers to adhere to the CARES Act and additional legal requirements under the Servicemembers Civil Relief Act.
Compliance in 2022
"Compliance” may yet again become the buzzword of 2022
MORTGAGE WOMEN
The Fed Hits The Brakes
Economists not surprised by Federal Reserve's plan to end bond & MBS purchases early in 2022 and boost rates in bid to tame inflation.
Lenders Must Prepare For Cybersecurity Audits
'As a lender you are responsible to regulators for your vendor’s adhering to regulations.' - Rob Chrisman