This topic consolidates everything you need to know to stay informed including prominent industry advocacy movements, current regulatory enforcement actions, and judicial rulings impacting mortgage banking.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
Search our Compliance Calendar for current regulatory changes & updates.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
The Office of the Comptroller of the Currency (OCC) released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations in August and early September.
Mortgage Fraud Blog-Rachel Dollar
A New Jersey man was sentenced to 15 months in prison for conspiring with others to fraudulently obtain mortgage loans from financial institutions by knowingly providing fraudulent documents.
Automated compliance tests to ensure compliance on more loans in less time
Mortgage Fraud Blog-Rachel Dollar
An Oregon man pleaded guilty to perpetrating a bank fraud scheme by using a residential property he did not own as collateral to obtain a bank loan for more than $316,000.
Ballard Spahr LLP--Elanor A. Mulhern
The CFPB has filed a lawsuit against online lender LendUpLoans alleging that LendUp violated a 2016 consent order that required the lender to pay over $3.5 million in consumer redress as well as civil penalties and to stop misleading consumers with alleged false claims about the cost of loans and the benefits of repeat borrowing.
The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against Wells Fargo Bank, N.A, of Sioux Falls, S.D., based on the bank’s unsafe or unsound practices related to deficiencies in its home lending loss mitigation program and violations of the 2018 Compliance Consent Order.
The CFPB filed a lawsuit in federal district court accusing LendUp Loans, LLC of violating a 2016 consent order and misleading consumers with false claims about the cost of loans and the benefits of repeated borrowing.
Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.
The CFPB issued a consent order against an income share agreement (ISA) provider for mispresenting its product and failing to comply with TILA, Regulation Z, and the Consumer Financial Protection Act of 2010 (CFPA).
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA) in June 2021.
