Items Tagged with 'Regulatory compliance'

ARTICLES

Get ready: Congress fires up Dodd-Frank, CFPB overhaul

Committee hearing date set for Financial CHOICE Act 2.0
The Dodd-Frank doomsday clock just ticked a little closer to midnight. The Republican-crafted plan to overhaul the country’s financial regulatory system and overturn many provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act is now one step closer to becoming a reality, as the House of Representatives is set to consider the Financial CHOICE Act.
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Trump floats complete repeal of Dodd-Frank

Tells CEOs that “elimination” of landmark financial rules is a possibility
Last week, President Donald Trump told a group of CEOs that his administration is planning a “very major haircut” on the Dodd-Frank Wall Street Reform Act. But Tuesday, Trump went even further, telling another gathering of CEOs that a full repeal of Dodd-Frank may be on the table. Click through to hear for yourself.
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Here's clear evidence of how much more complicated mortgage lending is now

An inside look at one lender's operations
At any gathering of housing industry professionals, it isn’t long before the conversation inevitably turns to the current regulatory environment. That was definitely the case at Wednesday’s housing summit hosted by the Urban Institute and CoreLogic. Debra Still, the president and CEO of Pulte Mortgage, surprised some in the crowd by presenting concrete evidence of how much more complicated mortgage lending is now than it was 10 years ago.
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Fannie Mae CEO reveals "next frontier" of mortgage lending

Here is the next big idea
The recent launches of initiatives such as the Day 1 Certainty program, the student loan venture with SoFi and progress with affordable lending under the HomeReady program underpin Fannie Mae's dedication to increase mortgage lending. Even so, you’d be hard pressed to guess the next big thing in lending. And now you don’t have to.
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IBM to buy Promontory Financial Group; plans to bring AI to regulatory compliance

Dealing with regulations just went next-gen
Regulatory compliance is about to take a leap into the 21st century, and beyond, as IBM announced that it plans to acquire Promontory Financial Group. The purpose of the acquisition? To combine the financial regulatory experience that resides within Promontory with Watson, IBM’s artificial intelligence computer system to build a comprehensive service, to help financial institutions comply with their regulatory requirements.
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Collingwood Group Chairman calls out 'regulatory Jihad' on mortgage lenders

Tim Rood says regulations actually seriously harming borrowers
There is little doubt that there are more regulations foisted upon the mortgage industry in the wake of the housing crisis. Count Tim Rood, the chairman of The Collingwood Group, among those who think the regulatory environment is smothering mortgage lenders, going so far as to use a shocking term to describe the current lending environment.
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The 5 most important compliance issues for 2015

Wolters Kluwer: TILA-RESPA, HMDA, and other alphabet soup
It’s a regulatory jungle out there and in one way or another, everyone thinks it could be trimmed, styled or smartened up. Here are the five leading contenders for the most important compliance issues facing financial institutions.
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