Regulation

CFPB director Richard Cordray's nomination is set for a vote in the senate. Photo: Bloomberg News.
A court found a recess appointment to the National Labor Relations Board was unconstitutional. This could affect the Consumer Financial Protection Bureau.

Laggards in adopting compliance technology can take a long time to get up to speed. Credit: © alexcoolok - Fotolia.com.
Laggards in adopting compliance technology can take a long time to get up to speed.

The abrupt slowdown came in response to the OCC's April release of minimum standards for foreclosure sales. Image: Fotolia.
Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.

Brian Fitzpatrick says manufacturing quality is key and should be upfront. Image: Arnold Adler.
The combination of government-sponsored enterprise platforms remains more a concept than a reality.

Document Systems Inc. CEO Dominic Iannitti
New compliance requirements don’t typically inspire the most innovative technology enhancements in the mortgage industry. But the upcoming overhaul of borrower disclosure forms has created an opportunity to re-engineer the way lenders and title companies execute mortgage closings, according to Document Systems Inc. CEO Dominic Iannitti.

Eric Schneiderman may face an opponent more intractable than the average corporate lawyer; it's the terms of the original settlement themselves. Image: Bloomberg News.
New York Attorney General Eric Schneiderman announced on May 7 plans to sue Bank of America and Wells Fargo for allegedly violating their obligations under the national mortgage servicing settlement.

Technology provider ISGN recently launched two new products that helps make sure servicers and lenders are following industry guidelines. Image: Fotolia
As servicers try to comply with all of the new industry regulations being issued today, ISGN is doing their part in helping companies maintain compliance to these regulatory requirements.
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