A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]
Resources on effective practices for secure cloud adoption were published Wednesday by the Treasury Department in conjunction with an financial institution industry group, the agency said. According to Treasury, the resources, a group of documents, […]
Timeshare fraud targeting U.S. owners in Mexico and orchestrated by transnational criminal organizations (TCOs) based in that country has caught the eye of the Treasury’s financial crimes unit and other law enforcement agencies, they said […]
A proposed rule to limit incentive-based compensation arrangements – first proposed in 2011, modified in 2016 and now coming forward again – will be considered by the federal credit union regulator’s board when it meets […]
Home loan applications in 2023 were down 30% – from 14.3 million in 2022 to 10 million – according to new home lending data released Thursday. However, the share of home purchase loans to Black, […]
Penalties of more than $135 million have been levied against the nation’s fourth largest bank for deficiencies in risk management and for failing to follow previous enforcement actions, two federal banking agencies said late Wednesday. […]
Mortgage servicers would be required to focus on helping their mortgage borrowers, and not foreclosing, when a homeowner asks for help under a rule proposed Wednesday by the federal consumer financial protection agency. The proposal […]
Alleged wrongful triggering of auto repossessions, and purported opening of fake bank accounts, has led Tuesday to the federal consumer financial protection agency to seek $20 million in penalties from one of the nation’s largest […]
The deadline is now July 12 for credit unions to apply for 2024 Community Development Revolving Loan Fund (CDRLF) grants, their federal regulator said late Monday announcing the extension. The previous deadline was July 1. […]
Transactions by foreign persons for real estate near more than 50 additional military installations in 30 states would be subject to scrutiny by the federal body that oversees foreign investment in the United States, according […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info