What is changing with how prudential regulators view fintech partnerships? How is this affecting financial institutions TPRM programs?
Originally published in CeFPro - June 8, 2023....more
On January 5, 2023, the Federal Trade Commission (FTC) announced a proposed new rule that would effectively prohibit employers from requiring employees to agree to noncompete clauses. The public is invited to submit comments...more
1/9/2023
/ Employees ,
Employer Liability Issues ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Former Employee ,
Franchises ,
Health Care Providers ,
Healthcare ,
New Rules ,
No-Poaching ,
Non-Compete Agreements ,
Non-Solicitation Agreements ,
Popular ,
Proposed Rules ,
Public Comment ,
Restrictive Covenants ,
Unfair Competition
In July of this year, Fannie Mae announced an update to the Agency’s Seller and Servicer Guidelines to include requirements that mortgage loan sellers and servicers comply with state address confidentiality programs (ADCONs),...more
As of yesterday, any new Freddie Mac mortgage funded will need to comply with state Address Confidentiality Program (ACP) requirements. ACPs are state-sponsored programs designed to protect victims of crimes such as domestic...more
In a bid to avoid a wave of COVID-19-related foreclosures, the Department of Housing and Urban Development (HUD) published Mortgagee Letter 2021-18 to lenders and servicers on July 23, 2021, that will allow borrowers with...more
On March 3, 2021, the CFPB filed a lawsuit in the U.S. District Court for the Northern District of Illinois against BrightSpeed Solutions, Inc., a third-party payment processor, and Kevin Howard, BrightSpeed’s founder and...more
On December 15, 2020, New York Governor Andrew Cuomo signed into law a bill that, among other things, requires reverse mortgage lenders in the state to notify the state’s Department of Financial Services (DFS) and mortgagors...more
As everyone steps away from their (home) office to celebrate Thanksgiving, we wanted to count our blessings as we review this truly remarkable and unusual year. In addition to frontline healthcare workers, good WI-FI, food...more
11/30/2020
/ CARES Act ,
Chapter 13 ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Electronic Notarization Standard ,
Eviction ,
Executive Orders ,
Fair Housing Act (FHA) ,
FDCPA ,
FDIC ,
Federal Student Loans ,
Flood Insurance ,
Forbearance Agreements ,
Foreclosure ,
HUD ,
Interim Final Rules (IFR) ,
Libor ,
Moratorium ,
OCC ,
Popular
Back in March we wrote about Address Confidentiality Programs (ACPs) as the “high stakes compliance risk you probably haven’t heard of.” These state-sponsored programs were traditionally designed to protect victims of crimes...more
9/30/2020
/ Compliance ,
Contact Tracing ,
Coronavirus/COVID-19 ,
Cyber Threats ,
Data Collection ,
Data Security ,
Domestic Violence ,
Executive Orders ,
Governor Newsom ,
Harassment ,
Healthcare Workers ,
Human Trafficking ,
Public Health ,
Sexual Assault ,
State and Local Government
In an All Participants Memo dated April 10, 2020 (APM 20-03), Ginnie Mae announced that it revised and expanded its issuer assistance programs in Chapter 34 of the Mortgage Backed Securities Guide (MBS Guide) to include a...more
The High-Stakes Compliance Risk You Probably Haven’t Heard Of -
While many businesses have been focused on CCPA compliance, there is another set of state privacy laws that may be flying under your organization’s radar. ...more
It’s January 2020. Thousands of businesses just completed the mad dash to meet the California Consumer Privacy Act’s (CCPA) requirements. Unfortunately, now is not the time to take a breather if you have employees in...more
1/16/2020
/ California Consumer Privacy Act (CCPA) ,
Corporate Counsel ,
Covered Employer ,
Data Breach ,
Data Collection ,
Disclosure Requirements ,
Employee Privacy Rights ,
Employee Rights ,
Employer Liability Issues ,
Exemptions ,
Job Applicants ,
Notice Requirements ,
Privacy Laws ,
Private Right of Action