Skip to content

How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.


Top Story Lending Related

08/25/2014

Fed proposes repeal of Regulation AA

The Federal Reserve Board has issued a press release requesting comment on a proposal to repeal Regulation AA (Unfair or Deceptive Acts or Practices). The Dodd-Frank Act voided the Board's authority to write rules that address unfair or deceptive acts or practices, which are contained in Regulation AA. In coordination with the proposal, Interagency Guidance was issued by federal financial regulators clarifying the repeal of the credit practices rules applicable to banks, savings associations, and federal credit unions is not a determination that the prohibited practices contained in those rules are permissible. The OCC issued Bulletin 2014-42 and FDIC released FIL-44-2014 to further explain the purpose of the Interagency Guidance.
 

08/25/2014

Goldman Sachs pays $3.15 billion to settle FHFA claim

The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, has announced a $3.15 billion settlement with Goldman Sachs, related companies and certain named individuals regarding claims alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities (PLS) purchased by Fannie Mae and Freddie Mac between 2005 and 2007. Goldman Sachs will pay approximately $2.15 billion to Freddie Mac and approximately $1 billion to Fannie Mae.
 

08/25/2014

Yellen on labor market dynamics and monetary policy

In a presentation at the Federal Reserve Bank of Kansas City Economic Symposium, Federal Reserve Board Chair Yellen discussed the labor market recovery and monetary policy.
 

08/25/2014

Fed proposes repeal of Regulation AA

The Federal Reserve Board has issued a press release requesting comment on a proposal to repeal Regulation AA (Unfair or Deceptive Acts or Practices). The Dodd-Frank Act voided the Board's authority to write rules that address unfair or deceptive acts or practices, which are contained in Regulation AA. In coordination with the proposal, Interagency Guidance was issued by federal financial regulators clarifying the repeal of the credit practices rules applicable to banks, savings associations, and federal credit unions is not a determination that the prohibited practices contained in those rules are permissible. The OCC issued Bulletin 2014-42 and FDIC released FIL-44-2014 to further explain the purpose of the Interagency Guidance.
 

08/25/2014

Goldman Sachs pays $3.15 billion to settle FHFA claim

The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, has announced a $3.15 billion settlement with Goldman Sachs, related companies and certain named individuals regarding claims alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities (PLS) purchased by Fannie Mae and Freddie Mac between 2005 and 2007. Goldman Sachs will pay approximately $2.15 billion to Freddie Mac and approximately $1 billion to Fannie Mae.
 

08/25/2014

Yellen on labor market dynamics and monetary policy

In a presentation at the Federal Reserve Bank of Kansas City Economic Symposium, Federal Reserve Board Chair Yellen discussed the labor market recovery and monetary policy.
 

08/22/2014

FDIC announces its B of A settlement

The Federal Deposit Insurance Corporation has announced that, as part of the $16.65 billion global settlement announced Thursday by the Justice Department, the FDIC reached an agreement with Bank of America and several of its subsidiaries for a payment of $1.031 billion to settle claims by the FDIC as receiver for 26 failed banks.
 

08/22/2014

NMLS enhancements scheduled

NMLS Consumer Access will be unavailable from Saturday, August 23 at 8:00 p.m. ET until 5:00 a.m. ET on Sunday, August 24. The system will be down for the addition of system enhancements.
 

08/22/2014

CFBP mortgage eClosing pilot participants announced

The CFPB has announced the selection of participants for its mortgage eClosing pilot program. The three-month pilot will begin later this year, and will explore how the increased use of technology during the mortgage closing process could affect consumer understanding and engagement and save time and money for consumers, lenders, and other market participants. The eClosing pilot is part of the CFPB's "Know Before You Owe" mortgage initiative, which is designed to improve the home-buying experience for consumers. For more information, see the eClosing Pilot Guidelines.
 

08/22/2014

FDIC announces its B of A settlement

The Federal Deposit Insurance Corporation has announced that, as part of the $16.65 billion global settlement announced Thursday by the Justice Department, the FDIC reached an agreement with Bank of America and several of its subsidiaries for a payment of $1.031 billion to settle claims by the FDIC as receiver for 26 failed banks.
 

Pages

Training View All

Penalties View All

Search Top Stories