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.
Learn more about FOS
CFPB ISSUES ADVISORY OPINION ON SPECIAL PURPOSE CREDIT PROGRAMS Under the Equal Credit Opportunity Act (ECOA) banking institutions are allowed to extend “special purpose credit” when the Bank intends to meet special social needs. The …
CFPB ISSUES ADVISORY OPINION ON SPECIAL PURPOSE CREDIT PROGRAMS Evelyn I. Dehmey
ARE YOU THE “TRUE LENDER”? The court ruled in the “Madden” case that the assignee of a loan made by a national bank or federal savings association may charge the same interest rate that the …
On October 30, 2020 the CFPB announced a final version of the Fair Debt Collection Practices Act. Although the rule is generally applicable to third-party debt collection practices, it has an indirect effect on financial …
Consumer financial services has been a hot topic in California and was recently solidified with the passage of AB-1864. This bill renames the current “Department of Business Oversight” as the “Department of Financial Protection and …
Business Email Compromise is About to Spike As if 2020 hasn’t thrown enough new fraud schemes our way, law enforcement is warning of an anticipated increase in business email compromise (BEC) in the coming months. …
Business Email Compromise is About to Spike Julie J. Mixtacki