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.
Mortgage Fraud Blog
Brent Kaufman, a former unlicensed mortgage broker, pleaded guilty to a criminal information charging him with stealing $4.7 million in mortgage refinancing proceeds intended to pay off the existing mortgages of his clients.
M Report – Erick C. Peck
The U.S Supreme Court blocked the Biden Administration's federal eviction moratorium scheduled to expire on October 3, 2021.
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.
Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
FinCEN has assessed a $100 million dollar civil money penalty against BitMEX for violations of the BSA and FinCEN’s implementing regulations.
The 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 for the current month.
The CFPB filed a proposed settlement to resolve a lawsuit against a debt collection enterprise, who allegedly violated the Consumer Financial Protection Act of 2010, the Fair Credit Reporting Act (FCRA), and Regulation V (the Furnisher Rule) by failing to establish or implement reasonable written policies and procedures regarding the accuracy and integrity of the information it furnished to credit reporting agencies and failed to conduct reasonable investigations of indirect consumer disputes, resulting in inaccurate information remaining on consumers’ credit reports.
"ACES has shined a light on our productivity and empowered us to hold our teams accountable."
- Emilee Rada, Director of Lending Operations at Georgia's Own Credit Union
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.
Housingwire--Tim Glaze
First American Title Company has agreed to pay a $1 million fine for allegedly giving improper benefits to California real estate agents.
A California man has been found guilty of 35 counts in a bank fraud scheme that sought to fraudulently eliminate home mortgages and then profit on the subsequent home sales between April 22, 2010, and Nov. 18, 2011.
