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FOS Blog

These blog articles will be straight from FOS professionals and will discuss any current hot issues and their views on them. These articles cover a wide variety of topics impacting our clients and friends.

10 Jan
2019
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CRA Overhaul Coming

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 changes.  The OCC is now …

CRA Overhaul Coming

07 Dec
2018
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COUNTING HMDA!

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 at https://s3.amazonaws.com/files.consumerfinance.gov/f/documents/201709_cfpb_2018-hmda-transactional-coverage.pdf to the end, …

09 Nov
2018
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Human Trafficking

Human trafficking occurs around the world on a daily basis.  As a financial institution, you may be wondering how your institution can help those affected and ensure your customers are not victimized. There are two types of human trafficking within …

Human trafficking Natalie Reifsneider