In Part 2 of her multipart series on Regulatory Relationship Management (RRM) for banks, Ms. Sommerfield delves into best practices for preparing for and managing bank examinations. She briefly reviews the purpose and types of…more
Lori Sommerfield provides a brief history of banking regulation and explains federal and state supervisory structures for regulating financial institutions. She defines the key terminology for various types of banking…more
In this article on the principles of Regulatory Relationship Management (RRM) for banks, Ms. Sommerfield (co-author with JoAnn Barefoot of Treliant Risk Advisors) explains the principles and practical strategies for establishing…more
Fair lending is no longer limited to loan origination issues -- lenders' post-closing activities, and particularly loan servicing, is the focus of current government scrutiny and regulatory enforcement efforts. A webinar…more
The Obama Administration and Congress have searched for foreclosure alternatives to address the increasing number of defaulting residential mortgage loans, which rose to 9.47% in the fourth quarter of 2009. Some of these…more
"Regulators are now analyzing whether minority borrowers are receiving loan modifications on par with similarly situated non-minority borrowers. Consider the following risk-mitigation strategies for the coming wave of…more
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