Compliance & Regulation

As Richard K. Davis sees it, the biggest remaining regulatory costs might be bottles of Tylenol for the compliance team. Though the Volcker Rule and other Dodd-Frank Act regulations are still being finalized, the outstanding risks will be manageable if not clerical, the chairman and chief executive of U.S. Bancorp (USB) said.

A Federal Reserve rule has sown widespread confusion about the way lenders pay housing appraisers, creating turmoil in an industry already burdened by expensive middlemen, falling home prices and diminished ranks.

Most financial institutions would probably say that the National Labor Relations Board is the least of their worries. That may be changing.

Lenders often pressure title agents to reduce their fees when other items disclosed on the HUD 'Good Faith Estimate' form exceed the allowed tolerances, according to new research conducted by the American Land Title Association.

The residential mortgage division of Ally Financial Inc. missed a scheduled payment on its debt Tuesday, laying the ground work for an eventual default if the payment is not made up quickly.

A Consumer Financial Protection Bureau proposal would protect certain information depositories provide to the agency, but one prominent group is claiming CFPB doesn't have a right to the information in the first place.

A Consumer Financial Protection Bureau proposal would protect certain information banks provide to the agency, but one prominent group is claiming CFPB doesn't have a right to the information in the first place.

Some regulators are using the state-run National Mortgage Licensing System to ride herd over more than just the mortgage business.

Political pressure backed with money can be very persuasive in Washington and it may provide relief for some underwater borrowers with Fannie Mae and Freddie Mac loans.

Anthony J. Simich, a division vice president for eWarehouseOne, resigned from the firm late last week, telling National Mortgage News that the company is having trouble closing lines of credit.