Wells Fargo, Bank of America, Citigroup among those accused of notification failures, sending inaccurate information.
Enforcement action over what bureau said were widespread kickbacks to lenders across the country.
Commmittee Chair Hensarling reiterates aim to eliminate Fannie Mae, Freddie Mac as government-sponsored enterprises.
Roanoke neighborhood focus of joint effort that includes a new credit union branch.
Agency looking at alleged kickbacks to bankers, violations of RESPA.
Credit unions could use a refresher course in the often-neglected area of online marketing and advertising content compliance. That’s the message from Kyle Woodmansee, the compliance specialist for Des Moines, Iowa-based consulting firm PolicyWorks, who will present an hour-long webinar, “Three Commonly Overlooked Website Compliance Issues,” on Jan. 26.
Regulatory burdens stemming from the Bank Secrecy Act, Dodd-Frank Act and the Department of Housing and Urban Development, among others, add another layer of responsibility to credit unions’ day-to-day operations. Complaints of rising compliance-related costs are common, but just how much is compliance costing CUs, and how are they paying...
Even small credit unions spend thousands a month on meeting the regulatory burden. Find out more in this sneak peek at an article from the next print edition of Credit Union Times.
Trade says latest versions are an improvement, expresses remaining concerns.
Financial services sources say Obama administration is "trying to save her."