One year after the passage of the Dodd-Frank reform act, community banks say they have been benefiting from regulatory relief, but further implementation of some provisions is still needed.

Residential servicer BSI Financial Services agreed to pay roughly $230,000 for mishandling mortgage servicing transfers. It marks the first mortgage-related enforcement action under Director Kathy Kraninger.

A number of states, including Illinois and New Hampshire, last month amended their licensing rules to address certain challenges faced by mortgage lenders.