Extension of 1071 SBL Compliance Dates On June 18 2025, the CFPB issued an interim final rule to extend the compliance dates set in the 2023 final rule, as previously amended by a 2024 interim final rule, by approximately one year. This extension applies to all financial institutions required to collect and report data on […]
At the recent Fair Lending Forum, we delved into the evolving landscape of consumer protection regulations, highlighting how states are increasingly stepping up their oversight. While federal mandates often capture the spotlight, the New York Department of Financial Services (NYDFS) with its Section 76.16 requirements stands out as a significant example of this trend. In […]
2025 Community Reinvestment Act Performance Evaluations This year, RiskExec has been taking a closer look at Community Reinvestment Act (CRA) exam schedules and performance evaluation results. This month, the RiskExec CRA team is diving into recently issued CRA Performance Evaluations and sharing our insights on the CRA regulation and CRA compliance. While the regulators continue […]
RiskExec is proud to be a Bronze Sponsor of American Bankers Association’s Risk and Compliance Conference 2025.
RiskExec is proud to be a Gold sponsor of MeridianLink Live, taking place in Orlando, FL from May 5 - 8, 2025. MeridianLink Live 2025 is taking place at Universal Orlando this year. The event will feature sessions from MeridianLink's experts and industry leaders focused on the latest advancements in loan origination. We hope you […]
RiskExec is proud to be a Silver sponsor of Dark Matter Horizon, taking place in Jacksonville, FL from April 23-25. This year, Dark Matter is bringing its Horizon event to the Omni Amelia Island to help professionals stay on top of mortgage technology trends. The event will feature sessions from Dark Matter Technologies' experts and […]
A review of recent CFPB enforcement action and Supervisory Highlights reveals numerous mentions of servicing practices across various financial products. State agencies have also taken action in response to servicing errors.
RiskExec is proud to be an official exhibitor at the ICE Experience 2025 conference on March 10-12, 2025 at the Wynn Las Vegas. The mortgage industry’s premier event, ICE Experience, brings together over 2,000 mortgage industry professionals annually for three full days of learning, networking and fun. With a focus on bringing the American dream […]
CFPB Changes Since its establishment in 2011 under the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) has played a pivotal role in financial services regulation, including the collection and compilation of mandated data. This responsibility notably includes Home Mortgage Disclosure Act (HMDA), originally enacted in 1975, with data collection authority shifting to the CFPB […]
Small Business Lending The small business lending landscape is undergoing a significant transformation with the implementation of the Small Business Lending (SBL) Rule under Section 1071 of the Dodd-Frank Act. This article will delve into some key considerations for lenders as they navigate the complexities of the new rule and evaluate technology solutions available to […]
Fannie Mae Fair Servicing Fannie Mae recently published Fair Servicing Best Practices (“FSBP”). Developed with input from more than 30 mortgage servicers and community advocacy groups, the FSBP is intended to ensure Fannie Mae servicers are aware of the expectations that servicers will treat all borrowers fairly and consistently, and comply with the Equal Credit […]
Following the publication of this article, the Public File deadline was adjusted to January 1, 2026. CRA Public File Updates The recent lawsuit challenging the Community Reinvestment Act (CRA) File Rule may have added uncertainty to the implementation timeline, but one crucial aspect remains unchanged: your CRA Public File must be updated and readily available […]