We are conducting a survey of financial institutions on the topic of, Electronic Document Delivery, to help to get to know our customer base better. We are interested in finding out what systems they are using, and how satisfied they are with those systems. Please consider taking the brief poll below. Everyone who completes the poll will receive the survey results within two weeks after the close of the survey. The survey closes on Friday, […]
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CFPB SEMIANNUAL REGULATORY AGENDA – SPRING 2017
Semiannually the Consumer Financial Protection Bureau (CFPB) releases an agenda of its anticipated regulatory activities. The CFPB announced its 2017 Spring Agenda on July 20, 2017, and today, August 24, 2017, the Agenda was published in the Federal Register (FR). The Agenda outlines issues the CFPB planned/plans to address during the period of May 1, 2017 to April 30, 2018. The next agenda will be published in Fall 2017. The Agenda includes 19 items (4 […]
DOJ Prohibits Third-Party Payments in Settlement Agreements
On June 7 Attorney General Jeff Sessions issued a memo that prohibits all Department of Justice (DOJ) components and 94 United States Attorney’s Offices from entering into any agreement on behalf of the United States in settlement of federal claims or charges that directs or provides for a settlement payment to non-governmental, third parties that were not directly harmed by the conduct. The DOJ noted that under the Obama Administration, “the Department repeatedly required settling […]
JACK’S BLOG – 7TH ANNIVERSARY
Our first blog article was published on June 22, 2010. We just completed the seventh year of Jack’s Blog. During that period we have written hundreds of articles. The headlines from June 2010 are still pertinent. Fair Lending – Is it still hot? (Conclusion – Yes, Fair Lending was hot seven years ago and is still hot today.) New Uniform Residential Mortgage Loan Application (NMSLR ID was added to form in 2010 and major revisions […]
Financial CHOICE Act Passes House
On June 8, 2017, the Financial CHOICE Act of 2017 (H.R. 10 – 115th Congress) passed the house with a 233-186 vote adhering to party lines (233 of voting 234 Republicans voted for the bill while all 185 voting Democrats voted against the bill). H.R. 10 was introduced to Congress on April 26, 2017, sponsored by Representative and Chairman of the House Financial Services Committee Jeb Hensarling (R-TX). If the bill becomes law it would […]