Compliance & Regulation

Credit risk managers expect consumers will have trouble making payments on a variety of loan types, according to the European Credit Risk Survey taken by FICO and Efma.

The American Legion is calling on Congress to extend the $729,750 loan limit on Department of Veterans Affairs guaranteed loans before the ceiling drops down to $625,500 on January 1.

Bankers concerned about the control and compliance issues of letting employees interact with customers on social media sites might be interested in a software package released today that offers an option for managing those customer interactions.

The Federal Housing Finance Agency has recruited two veterans of the Federal Reserve Board to fill key agency posts.

The House Financial Services Committee is asking the new Consumer Financial Protection Bureau for a detailed account of its spending to date, and plans for funds it has received but not yet spent.

Independent consultants conducting foreclosure reviews at the residential servicing units of 12 national banks are specifically required to look for possible foreclosure violations involving active duty soldiers.

The Consumer Financial Protection Bureau is initiating a process for streamlining and updating its consumer regulations with bureau officials seeking public input on which rules should be looked at first.

The Federal Housing Finance Agency repeatedly defers to Fannie Mae and Freddie Mac without independently testing their decisions, according to a report released Tuesday by a government watchdog.

Within minutes of Rep. Barney Frank's surprise announcement that he planned to retire next year, industry insiders and political analysts were focused on who would take his place as lead Democrat on the House Financial Services Committee.

Citigroup's $285 million settlement with the Securities and Exchange Commission over a nonprime MBS investment was rejected Monday by a federal judge who said he hadn't been given enough facts to approve it.