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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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 …
COUNTING HMDA! One of the most problematic issues we’ve encountered with HMDA is how to count open-end lines of credit for exemption and then what to report. If you follow the CFPB’s Transactional Coverage Chart …
CFPB’s Fall 2018 Rulemaking Agenda The CFPB has been busy so far in 2018 and there is no slowing down as the year comes to an end. The following is a listing of items on …