Second-quarter performance of first-lien residential mortgage loans at seven national banks with large mortgage-servicing portfolios – comprising 33% of all residential mortgages outstanding in the country – was “largely unchanged” from 2017 to 2018, the […]
The Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) is planning to move its southeast regional team out of the bureau’s Washington, D.C., headquarters and to Atlanta, Ga., in late 2019, the agency […]
Friday is the first day that a no-charge credit freeze is available to consumers, mandated under regulatory relief legislation enacted this spring – and the federal consumer financial protection agency highlighted the launch date on […]
Essentially cleaning up its regulatory roster, the Federal Reserve Friday proposed rule changes that reflect the transferal of its jurisdiction over certain mortgage-licensing related rules to the federal consumer financial protection agency. The Fed is […]
Legacy swaps entered into before the applicable compliance date will not become subject to swap margin requirements if they are amended solely to comply with the requirements of qualified financial contracts (QFCs) of systemically important […]
A former bank officer and employee who committed numerous lending violations that cost his bank more than $400,000 will pay a $1,000 civil money penalty (CMP) and may no longer engage in the affairs of […]
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