CSBS and FHFA sign agreement to enhance information sharing on nonbank mortgage companies
The MOU reportedly aims to improve the ability to coordinate on market developments to better identify and mitigate risks.
Iowa enacts prudential standard and corporate governance requirements for mortgage servicers
The new law is effective July 1, 2024, and sets prudential standards for mortgage servicers, including capital and liquidity requirements.
Iowa enacts new money transmission provisions
Among other things, the new act exempts payroll agents from licensure, outlines license suspension/revocation criteria, and sets enforcement guidelines.