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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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27