Regulatory Relief Legislation Passes Senate
Over the objections of consumer groups and liberal Democrats, legislation to provide regulatory relief to home lenders has made its way through the Senate.
NAACP Warns Bill Threatens Anti-Discrimination
Community banks say that a warning from a civil rights group about pending legislation to overhaul the Dodd-Frank Wall Street Reform and Consumer Protection Act is much ado about nothing.
Warren Warns About Dodd-Frank Overhaul
The architect of the Consumer Financial Protection Bureau is warning that pending legislation to ease regulations for financial institution could lead to more government bailouts.
Mortgage Branch Manager Says Employees Set Him Up
The manager of a mortgage branch that was ordered to temporarily shut down by Illinois regulators is blaming his employees for setting him up.
Report Warns About Non-Bank Mortgage Firms
A warning siren has been sounded about the risk from the growth in market share of non-bank mortgage originators and servicers.
Final Servicing Rule Addresses Industry Concerns
A mortgage servicing rule has been finalized that addresses concerns that the industry has about communicating with bankrupt borrowers.
Dem Split Enables Dodd-Frank Overhaul to Advance
A split between liberal and moderate Democrats enabled the Republican-controlled Senate to move forward legislation that would overhaul the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Dodd-Frank Overhaul Bill Advances in Senate
Legislation that could roll back some of the more burdensome provisions of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act could be approved as early as this week.
Compliance Tech Addresses HMDA, TRID and QC
Mortgage service providers are helping home lenders with quality control and complying with the Home Mortgage Disclosure Act and the TILA-RESPA Integrated disclosures. One product is targeting California per-diem restrictions, while another addresses New York's new security requirements.
Fed Chair Grilled by Sen Warren About Wells
The new chairman of the Federal Reserve Board of Governors has provided some insight into when the central bank might lift growth restrictions on Wells Fargo & Co.