Compliance

Lenders contend the proposal goes beyond policing third-party debt collectors and could expose banks to enforcement actions and lawsuits.

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

The Consumer Financial Protection Bureau issued new rules governing mortgage lenders' screening and training of loan originators with temporary authority.

Roostify is working with Level Access — a software provider enabling disabled people access to technology — to offer Americans with Disabilities Act compliant websites and mobile applications.

Aaron King of Snapdocs, Brent Chandler of FormFree, Tim Mayopoulos of Blend, and Chris Backe of Ellie Mae talk about system fragmentation, data access issues, personnel management and other hurdles that still stand between the industry and comprehensive digitalization.

PointPredictive has rolled out IncomePASS, which uses machine learning technology to determine if the borrower's income as stated on the application is realistic.

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.

Many mortgage servicers are still relying on spreadsheets to manage their tasks, rather than looking to automation as a problem solver.

The Department of Veterans Affairs distributed more than $400 million in refunded home loan fees after finding exempt borrowers were mistakenly charged due to clerical errors related to their disability status.

The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns among bankers that they could become an even more inviting litigation target.