Does a Creditor Need to Share Closing Disclosures with Third Parties? Often times as a settlement is coming down to the wire, there are pressures to share the Closing Disclosure with a realtor or broker involved in the transaction. Why …
Does a Creditor Need to Share Closing Disclosures with Third Parties Evelyn I. Dehmey
Credit Reports and Public Records As a result of a settlement between the three national consumer credit reporting companies and 30 state attorneys general (National Consumer Assistance Plan or NCAP), the credit bureaus were required to increase the accuracy of …
Cyber Insurance: FFIEC Guidance and the Role in Risk Management The Federal Financial Institutions Examination Council (FFIEC) issued guidance for financial institutions to consider if they are determining whether to use insurance as a component of their risk management programs. …
Cyber Insurance: FFIEC Guidance and the Role in Risk Management Jeffrey J. Johns
Impact of HMDA Changes to CRA Exams On November 24, 2017 the agencies issued revisions to Regulation BB – Community Reinvestment Act – to bring consistency between HMDA and CRA definitions. The past CRA definition for a Mortgage Loan was …
Don’t Let the Finer Points of Beneficial Ownership Procedures Slip Through the Cracks With the May 11th effective date for compliance with the final CDD rule looming, much focus has been placed on whether financial institutions will be ready with …
Don’t Let the Finer Points of Beneficial Ownership Procedures Slip Through the Cracks Julie J. Mixtacki
CECL and Technology The implementation of the Financial Accounting Standards Board Current Expected Credit Loss (CECL) standard is quickly approaching. The standard goes into effect for SEC filers in 2019, public companies who are not SEC filers in 2020, and …
Brandon Peart CECL and Technology Current Expected Credit Loss
Sending Payments in a Digital Age If you utilize mobile banking you undoubtedly have seen and more than likely have used the payments options your bank provides. But how many of us that use mobile banking truly utilize these payments …
ECCHO, ECK, ECI – What the “E” is happening with electronic check processing? As a result of the days following 9/11 and commerce nearly coming to a complete stop, the Federal Reserve Board (FRB) realized the need for electronic check …
Cindy Tice ECCHO ECI – What the “E” is happening with electronic check processing ECK Evelyn I. Dehmey
DoD Amends Military Lending Act In December 2017, the DoD issued clarification of its August 26, 2016 Interpretive Rule based on numerous requests for interpretation which was effective immediately. Several points of clarification are: Exemptions covering purchase money-secured motor vehicles …
CRA Public File – April 1 Deadline is Looming! Now that your 2017 HMDA LAR is filed (by March 1), there’s another deadline looming – Your CRA Public File must be current as of April 1 of each year per …
CRA Public File - April 1 Deadline is Looming Evelyn I. Dehmey