Financial Outsourcing Solutions (FOS) is a leading provider of internal audit, risk management and compliance services to financial institutions located in Pennsylvania, New Jersey, Maryland, Delaware, and New York.
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When the FACT Act was rolled out, it took 3 years for regulators to fully implement it with regulations. It seems when we hit the “Identity Theft” sections, it took our breath away and most …
Evelyn I. Dehmey What Can We Learn from the State Farm Case?
To help assist in ensuring your financial institution is up to date with servicing guidelines for FHLMC loans, here is a summary of some of the changes being made to the FHLMC Servicing Guide for …
Kay M. Scarselli Summary of FHLMC Serving Guide updates for 2019
CRA Overhaul Coming! Bankers have been under regulatory siege for the last few years with major changes involving mortgage servicing, new TILA/RESPA disclosures, and a total HMDA overhaul – with little opportunity to influence those …
WHAT HAPPENED TO ETHICS? Recently, the FDIC softened its approval for Section 19 approvals which is required to insure a person is employable in the financial services industry. Section 19 prohibits a person convicted of …