Most Recent Regulation and compliance News

Trump picks Russ Vought as acting CFPB director

Trump picks Russ Vought as acting CFPB director

Office of Management and Budget director Russell VoughtBloomberg News The Wall Street Journal is reporting that President Donald Trump has...

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U.S. Treasury says it was breached by Chinese-backed hacker

U.S. Treasury says it was breached by Chinese-backed hacker

The U.S. Treasury Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a...

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Suspended multifamily broker claims Fannie made an error

Suspended multifamily broker claims Fannie made an error

A commercial mortgage broker put on Fannie Mae’s suspended list says the move “was made in error” and put the...

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Townstone Financial agrees to settle redlining case

Townstone Financial agrees to settle redlining case

Both the Consumer Financial Protection Bureau and Townstone Financial claimed victory in the contentious anti-redlining lawsuit as the mortgage lender...

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California begins registration of financial service providers

California begins registration of financial service providers

LOS ANGELES — California is getting the word out that four segments of the financial services industry — debt settlement...

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US Basel impasse casts doubt on international capital accord

US Basel impasse casts doubt on international capital accord

European Union flags near the EU Commission in Brussels, Belgium. Ksenia Kuleshova/Bloomberg As U.S. regulators grapple over a joint capital...

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Will FHFA IG’s report lead to a flood insurance crackdown?

Will FHFA IG’s report lead to a flood insurance crackdown?

The regulator and conservator for Fannie Mae and Freddie Mac has agreed to beef up flood insurance examination measures at...

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First Interstate joins others fined over flood insurance

First Interstate joins others fined over flood insurance

The civil money penalty that First Interstate Bank in Billings, Montana is paying to resolve alleged federal flood insurance violations...

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Mr. Cooper fallout, new regulations: Top mortgage news of August 2024

Mr. Cooper fallout, new regulations: Top mortgage news of August 2024

Homeowners insurance is labeled as one of the hidden costs for property owners, and their escalating prices could have an impact on the...

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