Regulatory Brief for May 2021

Hey there! So, I just had the most enlightening conversation with my colleagues, Robert Brosch and Shelby Montgomery, and you won't believe the regulatory rollercoaster they took me on in this month's episode of "The Ncast" monthly regulatory brief. You're gonna want to buckle up for this one!

We kicked things off by diving straight into the aftermath of the pandemic. You know, mortgage forbearance has been a hot topic lately, and Robert spilled all the tea on how it's affecting different borrower groups. He dug deep into how black and Hispanic borrowers are dealing with it, and let me tell you, the insights he shared were eye-opening.

But wait, it gets better! Shelby took the spotlight to talk about evictions, foreclosures, and debt collection. We explored moratoriums from the CDC to New York and the impact on both landlords and tenants. The twists and turns in these legal matters are something you won't want to miss.

Oh, and hold onto your hats, because we got techy too. Cyber risk, my friend! Robert broke down the latest executive order from President Biden, highlighting why cybersecurity is an absolute must these days. Trust me, it's a wild ride through the world of cyber threats and how they're affecting financial institutions.

Credit unions, listen up! We tackled the topic of RBC, which stands for risk-based capital. Robert delved into the upcoming changes that you need to be aware of to stay on top of your game. It's like a crash course in understanding risk and capital in the credit union landscape.

But that's not all – we even dug into elder abuse, and Shelby had some surprising insights to share. You might not think it's related to mortgage companies, but trust me, you'll want to hear how Maryland's new statute is shaking things up and why mortgage companies need to be paying attention.

So, my friend, if you're looking to stay in the loop with all things regulatory and gain a fresh perspective on how these changes impact financial institutions, you've gotta check out this episode of "The Ncast." Trust me, the insights from Robert and Shelby are worth every minute. Don't forget to hit that subscribe button and get ready to dive into a world of regulatory revelations!