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Basel’s looser securitization rules have some snags for MBS

Trade groups have largely welcomed what’s broadly more lenient treatment of securitizations in their comments on the latest U.S. Basel III endgame proposal, but some want to change certain details they fear could cause friction for home loans. Processing Content “The revised proposal reflects meaningful progress, including on several issues that are critical to the […]

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OCC, FDIC encourage banks to share data on fraud

Key insight: Fincen’s guidance expands the types of information banks can share about suspected fraud and illicit activity while protecting participating institutions from liability. Supporting data: Banks can share information including transaction records, video footage, IP addresses, device identifiers and fraud indicators. Forward look: The guidance comes as the Treasury pushes to overhaul anti-money-laundering rules

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Richard Horn attorney

CFPB eyes TRID changes that could reshape closing disclosures

The Consumer Financial Protection Bureau put out a Request for Information for possible revisions to the TILA/RESPA Integrated Disclosures, with the comment period ending Aug. 10. Processing Content This request is in line with Pres. Trump’s March 13 executive order, “Promoting Access to Mortgage Credit,” the Federal Register posting said. The RFI has 22 questions,

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