In this regulatory environment CEOs need to set compliance priorities. But with so many regulations, and more to come, where to begin? Focus on five areas.
Despite new threats of legal challenges or hopes for structural changes, this agency cannot be wished away. But banks can still influence the size and nature of the role the CFPB will play.
It seems everything the government does in a down economy produces "jobs" in an election year. But macro-magic aside, the Social Security tax holiday and the promotion of mortgage refinancing are bad policies.
Banks' current compliance monitoring and reviews programs do not include the means to identify, measure and remediate potential consumer harm - an expectation coming out of the mortgage consent orders.
Banks' current compliance monitoring and reviews programs do not include the means to identify, measure and remediate potential consumer harm - an expectation coming out of the mortgage consent orders.
