Why Dodd-Frank Reforms Are Good For Business
On May 24, the first major financial institution bill with substantial bipartisan support in more than ten years was signed into effect by President Donald Trump. Known as The Federal Economic Growth, Regulatory Relief, and Consumer Protection Act (“Act”), it recognized that the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) must be amended.Read More
The Mortgage Industry: Where Are We Going?
Home ownership is a sign of stability, security, and a life milestone for many Americans. Ironically, the industry providing the keys to this essential part of the American Dream is constantly in a state of transition, dependent on the political climate.Read More
What Does Real-Time Compliance Management Really Mean?
At last year’s new regulatory technology conference, RegTech Enable, two telling statistics revealed the mounting cost for financial lending institutions to maintain and respond to government compliance: United States banks paid out $150 billion in fines, settlements and penalties since 2008, and financial institutions spent $70 billion on regulatory compliance. American Bankers Association reported that 84% of banks needed to hire more staff to manage the growing influx of information and changes.Read More