The New York Senate and Assembly have introduced identical versions of the “New York Privacy Act.” The New York Privacy Act requires companies that do business in New York, or ...
Recently, there have been lawsuits filed or threatened against financial institutions regarding their overdraft protection services and the charging of overdraft and non-sufficient fund fees. These are some of the ...
The FDIC has amended its rule regarding deposit insurance to not require each co-owner of a joint account to personally sign the deposit account signature card to ensure the account ...
On August 8, 2019, the FHFA, Fannie Mae, and Freddie Mac (GSE’s) announced that the mandate requiring use of the revised URLA by February 1, 2020 has been abandoned. While ...
On August 1, 2019, the U.S. Department of Housing and Urban Development (“HUD”) announced a reduction in the maximum loan-to-value (“LTV”) and combined maximum LTV ratios on cash-out refinance mortgages ...
This past week, the Consumer Financial Protection Bureau (“CFPB”) released five additional frequently asked questions (“FAQs”) related to TRID loans. The focus on these FAQs is providing loan estimates to ...