The Conference of State Bank Supervisors (CSBS) on September 16, 2026 released an Artificial Intelligence Supervisory Framework designed to help state financial examiners identify and understand how the bank and non-bank institutions they regulate are using artificial intelligence, assess the associated risks, and determine when a more in-depth review may be appropriate.… Continue Reading
CFPB Issues Final Rule Creating Nonbank Enforcement Action Registry
Posted in CFPB Rulemaking
The CFPB issued its final rule, titled the Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders Final Rule, on June 3, 2024. The rule will require certain nonbank entities to register certain covered enforcement or court orders, and comply with ongoing, attested reporting requirements on the entity’s compliance with such orders.… Continue Reading
CFPB rules: Enforcement may be heating up as the industry awaits formal guidance
By John D. Socknat on
Posted in Mortgages, Regulatory and Enforcement
The American Association of Residential Mortgage Regulators (AARMR), the trade association for regulators responsible for supervising non-depository mortgage companies, held its annual conference last week in Denver. Not surprisingly, the agenda was heavily focused on the CFPB, and several CFPB officials were in attendance. Unfortunately, the officials, knowingly or not, adhered to the CFPB’s (unofficial?)… Continue Reading