Compliance | National Mortgage Professional Magazine
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Compliance

President Trump has nominated former Attorney General William Barr to return to the leadership position at the Department of Justice
President Trump has nominated former Attorney General William Barr to return to the leadership position at the Department of Justice.   Barr served as Attorney General for President George H.W. Bush from 1991 to 1993. After leaving the Bush Administration, Barr held several executive positions in... Keep Reading....
Wells Fargo has agreed to a settlement with the State of Illinois to resolve charges related to the marketing and sale of its residential mortgage-backed securities (RMBS) prior to the 2008 economic crisis
Wells Fargo has agreed to a settlement with the State of Illinois to resolve charges related to the marketing and sale of its residential mortgage-backed securities (RMBS) prior to the 2008 economic crisis.   Under terms of the settlement, Wells Fargo will pay $17.25 million to the state government... more
The National Flood Insurance Program (NFIP) was extended through Dec. 21 as part of Congress’ two-week extension for the federal government’s funding deadline
The National Flood Insurance Program (NFIP) was extended through Dec. 21 as part of Congress’ two-week extension for the federal government’s funding deadline.   The NFIP was set to expire tomorrow at the conclusion of a one-week temporary extension. The Senate approved a six-month extension of the... more
The U.S. Senate voted 50-49 along party lines to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB)
The U.S. Senate voted 50-49 along party lines to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB).   Kraninger, who is Associate Director of the Office of Management and Budget (OMB) was confirmed in August by the Senate Banking Committee in a 13-12... more
The Financial Crimes Enforcement Network (FinCEN) has revised its Geographic Targeting Orders (GTOs)
  A coalition of 18 appraisal industry trade organizations has voiced its concern over a proposal by the National Credit Union Administration (NCUA) to increase the appraisal threshold for non-residential real estate loans from the current $250,000 level to $1 million.   The coalition noted that... more