Banker's Toolbox solidifies its position as the premier solution for fast-growing financial institutions with the release of BAM+ 4.0 upgrade.
Banker's Toolbox continues to lead the BSA/AML and Fraud prevention marketplace with the release of BAM+ 4.0. This solution provides increased detection with more versatility, transparency and control. BAM+ 4.0 also boasts a new customer due diligence platform, Due Diligence Manager, which will keep institutions compliant with the impending beneficial ownership mandates. (Read full press release here.)
CFPB proposes student loan servicing data collection
The CFPB has published in today's Federal Register a notice and request for comment on a proposed new information collection, "Student Loan Servicing Market Monitoring." The Bureau would require quarterly data collection on aggregated student loan servicing metrics and borrower outcomes from and estimated ten student loan servicers. The order for the data is intended to help the Bureau carry out its market monitoring goals and is pursuant to the Bureau’s market monitoring authority under the Dodd-Frank Act. Comments are due by October 6, 2017.