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John R. Coleman quoted in S&P Global article, “CFPB issues 'call to arms' to states to enforce agency rules more broadly”
The S&P Global article, “CFPB issues 'call to arms' to states to enforce agency rules more broadly,” explores the bureau’s new interpretive rule that emphasizes the authorization states have to enforce the federal Consumer Financial Protection Act on a broader range of entities. The new...
In The NewsJohn R. Coleman quoted in S&P Global article, “CFPB could disclose decisions to examine nonbanks for risky activities”
The S&P Global article, “CFPB could disclose decisions to examine nonbanks for risky activities,” reported on the how the bureau is considering publicly sharing information on nonbanks that may pose risks to consumers in a new proposed procedural rule under the dormant authority of the Dodd-...
In The NewsEdward W. Somers quoted in American Banker article, “Remote notarization is becoming a must-have offering”
The American Banker article, “Remote notarization is becoming a must-have offering,” discussed remote online notarization (RON) and its transition from a matter of health and safety during the height of the Covid pandemic to one of convenience and efficiency. Somers explained that Covid helped push...
In The NewsBenjamin W. Hutten quoted in S&P Global article, “Banks can expect return to strict oversight of anti-money laundering rules”
The S&P Global article, “Banks can expect return to strict oversight of anti-money laundering rules,” examined how the country’s emergence from Covid-19, coupled with the recently enacted U.S sanctions against Russia, will lead to a renewed focus on AML enforcement. There is general agreement...
In The NewsJeffrey P. Naimon quoted in American Banker article, “Bankers fear CFPB will lower cap on credit card late fees”
The American Banker article, “Bankers fear CFPB will lower cap on credit card late fees,” discussed the bureau’s desire to seek a lower cap on credit card late charges as a safeguard to cardholders despite credit card companies being within the maximum limits allowed under the CARD Act. Naimon...
In The NewsJeffrey P. Naimon quoted in S&P Global article, “Expanded anti-discrimination guidelines create compliance challenge for US banks”
The S&P Global article, “Expanded anti-discrimination guidelines create compliance challenge for US banks,” discussed the heightened anti-discrimination regulations surrounding all consumer financial markets and the difficulty it has caused for banks. While many are praising the CFPB for...
In The NewsElizabeth E. McGinn quoted in Inside Mortgage Finance article, “Mortgage companies put on alert for Russian cyberattacks”
The Inside Mortgage Finance article, “Mortgage companies put on alert for Russian cyberattacks,” discussed the warnings from government agencies and trade associations of possible cyberattacks against the mortgage industry following Russia’s invasion of Ukraine. According to the New York State...
In The NewsBenjamin W. Hutten extensively quoted in American Banker article, “Harsher sanctions against Russia could hurt U.S. banks”
The American Banker article, “Harsher sanctions against Russia could hurt U.S. banks,” discussed the effects of Russia’s invasion of Ukraine on the financial system of Russia and its impact reaching many U.S. depository institutions. It is expected that compliance with this round of sanctions will...
In The NewsDaniel R. Alonso quoted in Insider article, “Trump has fought document subpoenas for 3 years. So why didn't the Manhattan DA just get a search warrant?”
The Insider article, “Trump has fought document subpoenas for 3 years. So why didn't the Manhattan DA just get a search warrant?” examined the ongoing investigations into the former president’s business affairs and his ability to avoid providing requested documents, raising the question of why a...
In The NewsJeffrey P. Naimon quoted in National Mortgage News article, “FHA taking state AG concerns about servicers ‘very seriously’”
The National Mortgage News article, “FHA taking state AG concerns about servicers ‘very seriously,’” explored HUD’s concern regarding allegations by a group of attorneys general that some mortgage servicers failed to offer a recently added Federal Housing Administration Covid-19 modification option...
In The News