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OCC Highlights Banks' Compliance Staffing Issues, Even as Regulators Place More Compliance Demands on Banks and Place Executives at More Risk | Buchalter - Vimarsana News

OCC Highlights Banks' Compliance Staffing Issues, Even as Regulators Place More Compliance Demands on Banks and Place Executives at More Risk | Buchalter

In its recent Semiannual Risk Perspective, the Office of the Comptroller of the Currency (OCC) has highlighted the difficulties banks face finding adequate numbers and quality of hires...

Buchalter COVID-19 Client Alert: The Comeback is Complete 2022 California Supplemental Paid Sick Leave | Buchalter - Vimarsana News

Buchalter COVID-19 Client Alert: The Comeback is Complete 2022 California Supplemental Paid Sick Leave | Buchalter

As noted in an earlier Buchalter Client Alert, Governor Newsom and legislative leaders reached an agreement to bring back COVID-19 Supplemental Paid Sick Leave in 2022. On November...

Revising the New General QM Final Rule and Seasoned QM Final Rule: CFPB Expected to Postpone the Mandatory Compliance Date for the New General QM Final Rule and New Seasoned QM Final Rule and Temporarily Keep the GSE QM Loan Definition in Place, and Will Consider Revising the Seasoned QM Rule and Other Portions of the New QM Final Rule | Buchalter - Vimarsana News

Revising the New General QM Final Rule and Seasoned QM Final Rule: CFPB Expected to Postpone the Mandatory Compliance Date for the New General QM Final Rule and New Seasoned QM Final Rule and Temporarily Keep the GSE QM Loan Definition in Place, and Will Consider Revising the Seasoned QM Rule and Other Portions of the New QM Final Rule | Buchalter

To embed, copy and paste the code into your website or blog: On February 5, a Buchalter Client Alert discussed CFPB Acting Director Uejio’s announcement that he was considering delaying implementation of the two new QM Final Rules (the “General QM final rule”, which creates a new definition for QMs generally, and the “Seasoned QM Final Rule”, which establishes a new “Seasoned QM”), and stated that the CFPB might consider changes to both rules. Now, on February 23, in a new statement (https://files.consumerfinance.gov/f/documents/cfpb_qm-statement_2021-02.pdf,) the CFPB announced...