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Volume 2017 - Number 38

October 5, 2017

Banks Largely Happy with Banking Regulators’ Plan to Reduce Capital Requirements for MSR

A proposal last week from federal regulators to reduce capital requirements on mortgage servicing rights for all but the largest banks was met with mostly praise from banks. ďThe proposal to review and refine capital rules for community banks is a step in the right direction that acknowledges what our members already know,Ē said Rob Nichols, president and CEO of the American Bankers Association. ďSome of the current capital requirements are keeping banks from fully serving their ...

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What’s your opinion on how Mick Mulvaney has managed the CFPB since he took over three months ago?

He’s done a good job of paring back the agency’s excesses and we’d like to see more.
I hope he totally dismantles the agency and sends those functions back to the agencies hence they came.
Not bad, but he needs to take his time making additional changes.
We’re totally aghast. He’s gone way too far in protecting the rights of companies not consumers!

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