It did not take long after the Silicon Valley Bank failure for politicians in Washington to rush to the next available microphone and lament the “loosening of bank regulations”. Instinctively the finger pointing began, and in many quarters ended up in the direction of the prior administration’s policy to generally roll back stringent business regulations…

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Compliance is important to mortgage lenders because it helps ensure that they are following federal and state regulations related to lending, consumer protection, and fair lending practices. This helps minimize legal risk and protects the lender’s reputation, while also ensuring that borrowers receive fair and transparent loans. Compliance is equally important regardless of the state…

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The National Credit Union Administration, which issues regulations and guidance for credit union operations nationwide, released its 2023 guidelines today covering key topics for its members. High on the list of items credit unions need to be focused on are: fraud prevention and detection tools, cyber security defense plans, and consumer protection policies. Credit Unions…

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