Compliance Insights: May 2017
Subscriber Content
Streamlining State Supervision of MSBs and Strengthening Mortgage Servicing Rules
This edition of the Compliance Insights newsletter includes:
(1) A Call to Streamline State Supervision of MSBs: The Money Services Business (MSB) Call Report is designed to streamline multistate regulatory oversight, help bring uniformity to licensing requirements, and provide increased transparency and collaboration to state supervision.
(2) Key Amendments to the Mortgage Servicing Rules Aim to Strengthen Protections for Borrowers: The Final Rule, several hundred pages long, makes significant changes intended to provide greater protections for borrowers.