Get ready to dive into the latest regulatory updates as we chat about everything from cryptocurrency in mortgages to vaccine mandates and even a regulator showdown on this episode of "The Ncast!”
Every month, Ncontracts compliance experts provide an overview and analysis of the latest regulatory updates to help you keep up with the rapidly evolving nature of the industry. In this episode, Stephanie Lyon, VP of Compliance, is joined by compliance experts Katie Ferrell and Cheryl Grizzard to discuss regulatory changes that occurred in the month of December 2021 and what they mean for your financial institution.
Hey there, you won't believe the juicy stuff we've got on the latest episode of "The Ncast"! It's me, Aileen McDonough, and let me spill the beans on all the regulatory scoop we've got. So, imagine this – I've got two compliance wizards, Katie Ferrell and Cheryl Grizzard, by my side, and let me tell you, they dropped some serious knowledge bombs.
First off, we're diving headfirst into the world of compliance trends. We're talking COVID's effect on labor practices, climate-related financial risks, and even the nitty-gritty of virtual meetings. And hold up, if you thought that was exciting, wait until you hear about the expansion of the Community Reinvestment Act to non-depository mortgage lenders in New York. Yes, you heard me right!
But wait, there's more – we're getting into the nitty-gritty of the Federal Housing Finance Authority's announcement about conforming loan limits. Jumbo loans, increasing limits, and the mind-blowing world of high-cost markets. And brace yourself, because Freddie Mac's got some serious thoughts on cryptocurrency, and it's an absolute rollercoaster.
But the excitement doesn't stop there. Governor Kathy Hogle from New York's making waves with reverse mortgages on coops owned by seniors. And hold on tight, because we're going deep into beneficial ownership info. FinCEN's in the spotlight, with the lowdown on customer due diligence and registry access.
Oh, and speaking of COVID, we're spilling all the tea on vaccine mandates. A court's injunction, OSHA's vaccine rules, and the whole nine yards – we're leaving no stone unturned.
And here's the kicker – a clash of the titans! The FDIC and the CFPB are duking it out in a public showdown about bank mergers and agendas. It's like a regulatory drama you won't want to miss.
So, my friend, if you're all about staying ahead of the curve when it comes to financial regulations, trust me, you're in for a treat. Tune in to "The Ncast" and let Katie and Cheryl blow your mind with their expertise. Believe me, this is one episode you won't want to miss!