States to Begin Stringent Audits of Multi-State Lenders, Compliance Could be Difficult, Costlier, Attorneys Warn
November 5, 2009
While the financial services industry is preoccupied with ongoing legislative and regulatory re-structuring and beefed-up consumer protection, an ominous multi-state examination regime is about to hit large mortgage lenders. Industry attorneys this week warned that the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators are poised for a nationwide launch...