The Office of Thrift Supervision and the Conference of State Bank Supervisors have agreed on a model for sharing consumer complaint information so complaints are routed to the appropriate federal or state regulator.This memorandum of understanding between the OTS and the CSBS provides an "opportunity for closer coordination and cooperation between the OTS and state banking departments," OTS Director John Reich said. Under the memorandum, the regulators will compile periodic reports of the number and nature of the complaints along with the disposition of those complaints. Separately, federal and state banking regulators told Congress they want to create a single telephone hotline and clearinghouse for consumer complaints.
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Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
October 2 -
Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
October 2 -
Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
October 2 -
The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
October 2 -
Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
October 2 -
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
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