Compliance & Regulation

Dodd-Frank and regulations like the Volcker Rule are so complex that even regulators can't figure them out, according to Tim Ryan, president and CEO of the Securities Industry and Financial Markets Association.

A judge in New York approved a $40 million settlement in an MBS class-action lawsuit against individuals formerly affiliated with now-bankrupt Lehman Brothers Holding.

A consumer protection clinic has been started by the California mortgage settlement monitor at the UC Irvine School of Law to help ensure state homeowners receive the proper mortgage relief as promised from the nation’s five largest servicers.

Pity the poor loss mitigation staffs at the mortgage servicers everywhere—they’re damned if they do and damned if they don’t.

A loan officer for a Florida mortgage company was sentenced to more than four years in prison for pleading guilty to committing wire fraud in a $9.2 million mortgage fraud scam.

Community bankers are looking longingly at construction loans’ relatively generous returns. What they are not seeing are the higher risk weightings that may soon go along with such assets.

The Senate is slated to take up and debate a National Flood Insurance Program bill that extends the program for five years.

The Federal Housing Finance Agency has established an anti-fraud initiative ensuring that regulated entities are not exposed to unnecessary risk when doing business with individuals or companies that have a history of fraudulent conduct.

Supporters of the Consumer Financial Protection Bureau are dismissing a new lawsuit that seeks to abolish the agency as a political stunt, and even bank industry insiders who would like the case to succeed are privately calling it an uphill battle.

Only hours after regulators released federal guidelines detailing how much homeowners would receive for wrongful foreclosure actions due to banks' mortgage servicing failures, consumer advocates were up in arms.