Regulatory & Compliance

The House Financial Services Committee reported out a bill late yesterday to prevent future mortgage-related abuses.

Regulatory and Compliance for the 11/7/07 Issue

The Financial Crimes Enforcement Network reported inconsistencies among shared branch suspicious activity report filings in its latest SAR Activity Review--Trends, Tips, & Issues.

While NAFCU President/CEO Fred Becker wrote that the group appreciated changes to the legislation to address some concerns, the issue of regulatory burden associated with The Mortgage Reform and Anti-Predatory Lending Act of 2007 (H.R. 3915) remains.

While NAFCU President/CEO Fred Becker wrote that the group appreciated changes to the legislation to address some concerns, the issue of regulatory burden associated with The Mortgage Reform and Anti-Predatory Lending Act of 2007 (H.R. 3915) remains.

CUNA President/CEO Dan Mica has submitted a letter to four senators in response to their inquiry regarding financial services regulatory relief.