Clicky

Read the Latest Issue


Compliance

CFPB Fair Lending – Keeping Credit Fair, Equitable, and Accessible

CFPB Fair Lending – Keeping Credit Fair, Equitable, and Accessible

CFPB Office of Fair Lending and Equal Opportunity Director Patrice Alexander Ficklin by Mary Thorson…

Fair Lending –   One Loan and One Gap Is All It Takes

Fair Lending –   One Loan and One Gap Is All It Takes

by Alice Alvey Complying with fair lending laws has quantitative and qualitative aspects both of…

The 6 Potholes of Your Fair Lending Policy

The 6 Potholes of Your Fair Lending Policy

By Tammy Butler I’ve yet to meet one lender who thinks that they discriminate against…

Fair Lending Law Litigation and Compliance: An Uncertain Future for the Financial Services Industry

by Dana Lumsden & Bethany Corbin Discriminatory practices in the financial services industry have long been regulated by governmental entities tasked with promoting fair lending and ensuring equal opportunity regardless of race and gender. As early as the 1960s and 1970s, Congress enacted legislative initiatives aimed at guaranteeing non-discriminatory access to credit and housing as…

Fair Lending Law Litigation and Compliance: An Uncertain Future for the Financial Services Industry

Watch What You Say … and What You Don’t Say

Since January 1, 2015, the Consumer Financial Protection Bureau (CFPB) has built a library of enforcement actions against industry companies for deceptive or misleading advertising or practices. The ‘headlines’ read like a compliance nightmare: “CFPB Files Suit Against [mortgage company] for Luring Consumers with False Promises of Mortgage Savings – Consumers Paid $49 Million in…

Watch What You Say … and What You Don’t Say

Advanced Compliance With eDisclosures and eClosings

By Harry Gardner The Challenge The requirements of TILA-RESPA reform have created a host of challenges for mortgage lenders and their technology providers. The specifics of “Know Before You Owe,” or TILA-RESPA Integrated Mortgage Disclosures, have been covered extensively – three-day disclosure requirements both at application and approaching closing, tolerances on fee changes, and much…

Advanced Compliance With eDisclosures and eClosings

A Sign of the Times, E-Sign, That Is

“The Internet is the most important single development in the history of human communication since the invention of call waiting.”Dave Barry, American author and columnist We have a love/hate relationship with electronic communication for mortgage loans. The Internet and its interfaces dominate our lives, and, in each passing day, electric communications become a more pervasive.…

A Sign of the Times, E-Sign, That Is

Fair Lending Law Litigation and Compliance: An Uncertain Future for the Financial Services Industry

by Dana Lumsden & Bethany Corbin Discriminatory practices in the financial services industry have long been regulated by governmental entities tasked with promoting fair lending and ensuring equal opportunity regardless of race and gender. As early as the 1960s and 1970s, Congress enacted legislative initiatives aimed at guaranteeing non-discriminatory access to credit and housing as…

Fair Lending Law Litigation and Compliance: An Uncertain Future for the Financial Services Industry

Regulatory

Fair Lending Law Litigation and Compliance: An Uncertain Future for the Financial Services Industry

Fair Lending Law Litigation and Compliance: An Uncertain Future for the Financial Services Industry

by Dana Lumsden & Bethany Corbin Discriminatory practices in the financial services industry have long been regulated by governmental entities tasked with promoting fair lending and ensuring equal opportunity regardless of race and gender. As early as the 1960s and…

State Regulatory Issues Update – May 2015

State Regulatory Issues Update – May 2015

Arizona Loan Originator Licensing Requirements – The state of Arizona modified its provisions regarding loan…

Mind your P&P’s, and R’s

Mind your P&P’s, and R’s

Your bookshelf is bulging with desk reference binders (hopefully, not still in the shrink wrap),…

Harmonizing Regulations Can Help Jumpstart the Mortgage Market

Harmonizing Regulations Can Help Jumpstart the Mortgage Market

By Bill Cosgrove There’s no longer any doubt about the effect of overly complicated and…

Legal

Justice Department Reaches Settlement Agreement With First United Bank Over Allegations of Discrimination on the Basis of National Origin

Justice Department Reaches Settlement Agreement With First United Bank Over Allegations of Discrimination on the Basis of National Origin

U.S. Attorney’s Office January 15, 2015 The Justice Department announced today that First United Bank,…

CFPB Continues to Push HUD’s Sham ABA Policy

CFPB Continues to Push HUD’s Sham ABA Policy

by Jason W. McElroy & Jeffrey P. Blackwood On February 9, 2015, in CFPB v.…

Police Blotter: Hudson County Man Admits Role in $13 Million Mortgage Fraud Scheme

Police Blotter: Hudson County Man Admits Role in $13 Million Mortgage Fraud Scheme

U.S. Attorney’s Office March 09, 2015 District of New Jersey (973) 645-2888 CAMDEN, NJ—A Hudson…

Fair Lending Law Litigation and Compliance: An Uncertain Future for the Financial Services Industry

Fair Lending Law Litigation and Compliance: An Uncertain Future for the Financial Services Industry

by Dana Lumsden & Bethany Corbin Discriminatory practices in the financial services industry have long been regulated by governmental entities tasked with promoting fair lending and ensuring equal opportunity regardless of race and gender. As early as the 1960s and…

Mortgage Compliance Round Table Discussions
300x150 Alphabet Soup of Mortgage Compliance

Technology