Links in “Banks”

Lessons from Orville and Wilbur Wright may help enterprise risk management fly at your institution. [6/21]

Some states seek to expedite the process of getting foreclosed homes back on the market to avoid another housing price bubble forming. [6/21]

Credit unions have been anxiously waiting for the last of the new mortgage rules to be issued; however, CFPB Director says that the Bureau is still reviewing industry comments about the effect that the combined TILA/RESPA disclosures will have on loan closings. [6/20]

Senator Elizabeth Warren, in a Senate Banking Committee hearing, suggested that a two-tiered regulatory system could be more equitable and ensure that smaller financial institutions are not overly burdened by regulations designed to address activities in large financial institutions. [6/20]

[Video] Unintended consequences of driving reputable lenders from this marketplace. [6/20]

New study shows large banks violating $25 Billion national mortgage settlement. [6/20]

Hackers may get all the attention, but well-intentioned employees can open the door and turn the lights on for the hackers. [6/19]

Four key factors: number of new regs, increased dollar amount of fines, the amount of resources needed to dedicate to complaints, and challenges to senior leadership in managing risk. [6/19]

Supreme Court plans to hear a case that will determine whether discrimination claims based on effect, rather than intent, are viable under the Fair Housing Act; CFPB and some federal appeals courts have taken the position that disparate impact claims can be brought under both the FHA and the Equal Credit Opportunity Act, despite the fact that the plain language of the statutes don’t specifically allow for these types of claims. [6/19]

If you're a Bank serving in rural areas you need to know what tracts, if any, in your CRA Assessment Area are distressed or underserved. Here is that info. [6/18]