All posts by synergy

ECOA Amendments Are on the Way – Are You Ready ?

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) has released a proposal to amend Equal Credit Opportunity Act regulations to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The CFPB believes the proposed amendments will provide greater clarity to lenders regarding their obligations under the law, while promoting compliance with rules intended to ensure consumers are treated fairly. Continue reading ECOA Amendments Are on the Way – Are You Ready ?

CRE Lending Changes Are Coming

Regulatory relief for community banks appears to be on the way, and the changes will likely make commercial real estate lending easier.

Banking regulators on March 21 issued a joint report to Congress on their efforts to reduce regulatory burden. Most notably, the report stated that regulators were considering changes to the capital treatment of risky commercial real estate, mortgage servicing assets and certain deferred tax assets. Continue reading CRE Lending Changes Are Coming

Web Statistics