Insight
Election Results - Preliminary Thoughts and Reactions
November.14.2016
As a result of Tuesday’s election, Republicans will control the White House and both houses of Congress in 2017. It is likely there ultimately will ...
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Insight
CFPB Finalizes Amendments to Mortgage Servicing Rules
by Clinton Rockwell, Melissa Klimkiewicz, John Kromer, Christopher Witeck, Jon Langlois, Kathryn Ryan and Jeffrey Naimon
August.09.2016
On Thursday, the CFPB issued its long-awaited final amendments to the mortgage servicing provisions of Regulations X and Z. The Bureau had sought ...
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Maryland Ruling Opens New Front in Battle Over Bank Partnership Model
by Clinton Rockwell, Jeremiah Buckley, Joseph Kolar, John Kromer, Christopher Witeck, Heidi Bauer, Walter Zalenski, Jeffrey Hydrick and Jeffrey Naimon
July.22.2016
On June 23, the Maryland Court of Appeals affirmed a lower court judgment holding that a non-bank entity assisting consumers obtain loans from an ...
Insight
Vendor Management in 2015 and Beyond
by Christopher Witeck, Jon Langlois and Jeffrey Naimon
2 minute read | December.31.2015
With evolving regulatory expectations and increased enforcement exposure, financial institutions are under more scrutiny than ever.
Insight
CFPB Bulletin Re-Emphasizes Focus on Mortgage Servicing Transfers
by Clinton Rockwell, Jeremiah Buckley, Joseph Kolar, John Kromer, Christopher Witeck, Jon Langlois and Jeffrey Naimon
August.21.2014
On August 19, 2014, the CFPB issued Bulletin 2014-01 to address “potential risks to consumers that may arise in connection with transfers of ...
Insight
Federal Reserve Board Guidance on Managing Outsourcing Risks Mirrors Recent OCC Guidance
December.11.2013
On December 5, 2013, the Federal Reserve Board (FRB or the Fed) issued Supervision and Regulation Letter 13-19, which details and attaches the ...
Insight
OCC Updates Third-Party Risk Management Guidance
by Christopher Witeck, Jon Langlois and Jeffrey Naimon
November.04.2013
On October 30, the OCC issued Bulletin 2013-29 to update guidance relating to third-party risk management. The Bulletin, which rescinds OCC Bulletin ...