Since before Rodash v.
We don't often get good news about what Congress has done with compliance legislation. But this year's banking act had some genuine burden relief.
Question: We have been placing exception holds on deposits made by a business customer because the account had been frequently overdrawn.
The rising default rates on consumer loans, while not yet at a level to trigger a serious response, has generated discussion of the impact of creative underwriting practices on credit quality.
Question: We use several different attorneys to close mortgages. In our compliance audit, we discovered that they are not following the same procedures in filling out HUD-1s.