Tag : Industry Insight

Mortgage Broker and FTC Settle Over Yelp Reviews

On January 7th, the FTC, acting in a complaint filed by the Department of Justice, alleged that a California mortgage broker violated federal law by posting its borrowers’ personal financial information on Yelp.

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Fair Lending Lull Not a Cause for Complacency

Federal regulators have demonstrably slacked off enforcement of fair lending compliance in recent years.

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CFPB Publishes 2020 Rulemaking Agenda

On November 22, the CFPB released its list of regulatory matters that it “reasonably anticipates having under consideration during the period from October 1, 2019 to September 30, 2020.”

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CFPB Requests Public Comment on The Assessment of TRID

On November 20th, 2019, the CFPB announced its intent to publish an assessment report – no later than October 3, 2020 – on the effectiveness of the TRID Rule, which has been in effect since October 3, 2015.

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CFPB Announces Federal Consumer Financial Law Task Force

On October 11, the CFPB announced a new task force to harmonize and modernize federal consumer financial laws.

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CFPB Announces Enhancements to Consumer Complaint Database

On September 18th, the CFPB announced changes to its public consumer complaint database.

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CFPB Releases Qualified Mortgage ANPR

On July 25th, the CFPB issued an Advance Notice of Proposed Rulemaking (ANPR) requesting input on the so-called ‘GSE Patch.’

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Master The Basics of Redlining, an ABA Special Feature

In a recent article in ABA Bank Compliance magazine, Dr. Anurag Agarwal, president of Asurity Technologies’ SaaS fair lending platform RiskExec, lends his industry expertise to outline the basics of redlining and how to streamline the process.

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FTC Proposes Additional Requirements to GLBA Safeguards Rule

In March, the FTC published a notice of proposed rule-making requesting public comment on the addition of specific policy, process and technical requirements to the Gramm-Leach-Bliley (‘GLBA’) Safeguards Rule (the ‘Rule’).

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Prescribing Lifelong Innovation

Industry pundits often describe the threat of disruptive technology and the desperate measures of FIs to transform legacy systems into transformative - but secure - platforms in the financial services industry. But what is the real threat, and where should a mortgage banker be looking for transformation?

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