President Biden’s recent Executive Order on Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence:
Establishes a federal government-wide effort to mitigate risks of improper AI development and use....more
12/21/2023
/ Artificial Intelligence ,
Biden Administration ,
Consumer Protection Laws ,
Cybersecurity ,
Data Privacy ,
Executive Orders ,
Financial Institutions ,
Financial Services Industry ,
Machine Learning ,
National Security ,
New Guidance ,
NIST ,
Personal Data ,
Reporting Requirements ,
Risk Mitigation ,
Securities and Exchange Commission (SEC)
The Consumer Financial Protection Bureau (“CFPB”) recently issued two final rules aimed at bolstering the Qualified Mortgage (“QMs”) market. The first final rule amends the general eligibility category of QMs (“General QMs”)...more
1/14/2021
/ Ability-to-Repay ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Fannie Mae ,
Financial Regulatory Reform ,
Financial Services Industry ,
Freddie Mac ,
GSE ,
Mortgage Reform ,
Mortgages ,
Qualified Mortgage Rule ,
Regulation Z
Fintech has been changing the process of buying a residential home for years, but the pandemic has boosted the speed of change into hyperdrive. While some of these innovations may not be required after shutdowns are eased and...more
11/17/2020
/ Consumer Financial Products ,
Consumer Lenders ,
Coronavirus/COVID-19 ,
Financial Services Industry ,
FinTech ,
HELOC ,
Housing Market ,
Infectious Diseases ,
Innovative Technology ,
Mortgages ,
Popular ,
Real Estate Transactions ,
Trulia ,
Zillow
Last week, an estimated gathering of over 4,700 of the industry’s finest descended on Miami for IMN’s ABS East conference. The mood was upbeat and the meeting rooms (and the lobby bar) were crowded, as participants raced to...more