Regulatory Brief for May 2021: Mortgage forbearance, climate risk, and agency updates
Ncontracts’ team of compliance experts led by Stephanie Lyon share the latest regulatory news and trends for May 2021
Your CRA Exam Is Coming Up: Do You Have Enough Community Development Credit?
What counts as Community Reinvestment Act (CRA) credit?
Trends in Mortgage Complaints: What You Need to Know
Here’s what mortgage servicers need to know about the increasing number of mortgage complaints and how to handle them.
Regulatory Brief for April 2021: State CRA laws, crypto banks, cannabis banking, and more
Beginning this month, our team of compliance experts will share the latest regulatory news and trends for the month prior. Tune in for April 2021 updates!
Missed Opportunities: How Compliance & Marketing Can Work Together to Increase Loan Volume & Reduce Lending Compliance Risk
When the compliance and marketing teams openly communicate, the result is more focused campaigns to increase loan volume and reduce potential problems.
Reputation Risk & the Consequences of Lending Discrimination: A True Story
Allegations of lending discrimination can get you in trouble with regulatory agencies, along with reputation risk and other consequences.
Lending Compliance Software: Will You Get a Return on Your Investment?
Before you write off lending compliance software, take a few minutes to assess its value and the potential return on investment (ROI).
Discover Home Loans and Ncontracts partner to streamline the mortgage process for customers
Ncontracts and QuestSoft's lending solutions team has collaborated with Discover Financial Services on a new automated prequalification review.
The CFPB’s Focus on Avoiding Foreclosures: What You Need to Know
After one year into the pandemic, the CFPB says that financial institutions have had time to adapt, and protecting consumers is the CFPB’s top priority.
Supervisory Highlights: What We Can Learn from Others to Avoid Getting in Trouble
Here're the top highlights to know more about the landscape, make changes to be uncriticised, and view your business. Read the article to know more.
The Cost of Non-Compliance: Lending Compliance Edition
From tens of thousands to millions of dollars, the cost of non-compliance can be painfully high.
What is a Fair Lending Compliance Management System (CMS)?
Now is the time for institutions to strengthen fair lending compliance management systems (CMS), including fair lending programs that ensure compliance.
The Cost of Compliance in 2021
Compliance isn’t cheap—but how much does it really cost the financial services industry and financial institutions like yours in 2021?
Flood Insurance: Compliance Tips for Avoiding Costly Penalties
Flood insurance always comes across as a simple regulation, yet we need to remember these compliance tips for avoiding costly penalties.
What’s An “Abusive” Practice? CFPB Reverts to 2019 Definition
The CFPB has announced its intention to return to broad enforcement of the “abusive acts and practices” element of UDAAP, reverting to the 2019 definition.
Lending in NY State? Make Sure Your Fair Lending CMS Is Strong
The New York Department of Financial Services (NYDFS) has increased its scrutiny of fair lending and redlining this year, making it more...
4 Ways to Relieve the Stress of Being a Compliance Officer
Compliance can feel like a race with no finish line. Here are some sources of stress for a compliance officer and 4 ways on how to relieve it.
The HMDA Submittal Deadline is Almost Here: 4 Questions You Should Not Be Asking
Let us revisit some of the impactful fair lending enforcement actions, fines, and lawsuits of 2020. These blogs break down what went wrong and...
How Robust Is Your Lending Compliance Program?
The best way to accomplish a robust lending compliance program will ensure you can quickly and thoroughly adapt and respond to any lending compliance risk.
3 Ways to Mitigate Redlining Risk
Enforcement actions, reviewing lending data, and taking proactive actions are 3 ways to mitigate redlining risk.
Lending Compliance & Non-English Speakers: What You Need to Know
A financial institution that has customers in languages other than English need to consider ECOA, UDAAP, and other lending compliance risks.
3 Compliance Lessons from Capital One’s $390M BSA/AML Fine
Capital One Bank's $390 million civil money BSA/AML fine from FinCEN brings us 3 compliance lessons.
Mortgage Company Sued by CFPB After Ignoring Compliance, Audit Warnings & a Whistleblower Complaint
The CFPB is suing a mortgage company in CT for engaging in unlawful mortgage practices that allegedly violated the TILA, FCRA, ECOA, MAP Rule, and CFPA.
Lending Compliance 2021 Outlook: What to Expect from the Biden Administration
How will things change during the Biden Administration? Insiders predict aggressive rule writing and enforcement in our 2021 lending compliance outlook.
Common Credit Union Fair Lending Mistakes & How the NCUA Decides Which Institutes to Examine
What are the most common fair lending mistakes at credit unions? How does the NCUA decide which credit unions will be examined?
A Guide to 2020’s Top Fair Lending Enforcement Actions, Fines, and Lawsuits
Let us revisit some of the impactful fair lending enforcement actions, fines, and lawsuits of 2020. These blogs break down what went wrong and how...
3 Top Takeaways from the 2020 Fair Lending Interagency Webinar
The Federal Reserve hosted representatives at the interagency webinar from the regulatory agencies to share the top 3 fair lending takeaways and trends.
Are You Prepared to Defend Your PPP Lending?
Regulators are examining PPP lending, be sure your financial institution is prepared to defend your loan decisioning.
Let Me Tell You a Story
Let us tell you a story about a bank that works hard to comply with fair lending laws to be there for the people of Far, Far Away.
Lending Compliance: Building Up the Three Lines of Defense
A financial institution’s lending compliance management system must effectively guard the FI against unnecessary risk with these three lines of defense.