Compliance

Existing-home sales plummeted in November confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings.

A healthy bank culture can only be built from within, rather than as a compliance exercise to satisfy regulators.

Some mortgage investors are refusing to buy home loans that are at risk of violations of new consumer-disclosure rules. The problem appears to be worst among nonagency jumbo loans purchased by private investors.

For steering the Winston-Salem, N.C., company through an extended period of industry adversity, while providing a blueprint for large-scale M&A, King has been named American Banker's Banker of the Year for 2015.

NCUA on Friday liquidated Bethex Federal Credit Union, based here, exactly three months after the regulator placed the troubled CU into conservatorship.

WASHINGTON — The House and Senate have approved major spending and tax packages, which are now en route to the White House to be signed into law.

YUMA, Ariz. — A.E.A. Federal Credit Union, based here, once again is under the control of its members after five years of conservatorship, NCUA said Friday.

The agency's Fraud Prevention Center, which is also designed for mobile use, provides information on types of frauds or scams; what to do, in the event of being a victim of fraud or identity theft; how to stay safe online; and how to contact NCUA partners for assistance.

WASHINGTON — The Office of the Comptroller of the Currency released details Thursday of a proposal that would require large banks to submit a "recovery plan" for how they would survive a crisis.

Though happy with some of the changes the agency made to its final IOLTA rule, CUNA and NAFCU cited areas where the regulator could have done more to improve the landscape for CUs.