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Michael Hsu says occurrence and impact of disruptions is on the rise
Bank incurs penalty due to systemic deficiencies in its risk management and internal controls
The regulator also published guidance on ‘Buy Now, Pay Later’ lending
The deadline has been extended until January 16, 2024
CFPB and OCC step in after investigation finds “double-dipping” and unauthorized accounts practices
The penalty relates to a failure to fulfill fee waiver and discount promises for mortgages
The banking sector regulator wants to establish a regular survey to gauge consumer trust

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CSI: Hawthorn River
Lending Regulatory Compliance

WEBINAR: Tuesday, May 21st, 2024, 2:00 CT / 3:00 ET

Join us to learn more about leveraging technology in Hawthorn River to support your lending process and its regulatory compliance. From 1071, TRID, HMDA, CRA and more in the sea of regulatory acronyms, our end-to-end loan origination solution creates efficiency for financial institutions.

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