Archive: Uncategorized
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May 11, 2010
No CommentsOverheard at the ABA Risk Management Forum
By Edward Kramer, Executive VP, Regulatory Programs I want to share with you some snippets that I took away from the late April ABA Risk Management Forum in St. Petersburg, Florida: “Think of better ways for you and your senior management to put in place better ways to measure risk and monitor your risk management...
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Jun 11, 2009
No CommentsHeads or Tails?
by Amy Downey, VP Professional Services, Wolters Kluwer Financial Services | PCi Compliance management and safety and soundness are two sides of the same coin. If you manage your consumer compliance you will also be managing your safety and soundness. I recently heard this during an interview with the regulators at the ABA Regulatory Compliance...
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Apr 30, 2009
No CommentsExcellent article on Red Flags compliance for Mortgage Brokers
I just read with interest a great article in the May Scotsman Guide on what the May 1st Red Flags deadline set by the FTC really means for mortgage brokers. In addition to covering the basics of the regulations, the article delivers solid detail on specific steps that firms should take to create a compliant Red Flags program,...
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Mar 11, 2009
No CommentsHigher Priced Mortgage Loan Operational Consideration
By Amy Downey Last week I was discussing the process flow to test all applications early and frequently throughout the loan life cycle to ensure that they are properly identified as higher priced mortgage loans under Regulation Z. The timely designation will be critical to properly approve loans using the new requirements. A collegue pointed...
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Jan 15, 2009
No CommentsObama Plans a “21st-Century Regulatory Framework.” What does that Mean and How Does it Impact your Planning Efforts?
By Edward Kramer It is still unclear what President-elect Barack Obama has in mind when he promises “a 21st-century regulatory framework.” Although he has said that he intended to propose a broad overhaul of financial regulation by April, early signs are pointing to a much more aggressive regulatory regime, and that he will come out...
