This spring, it is important to stay informed on the evolving regulatory landscape shaping the financial services industry. Whether you are navigating disclosure requirements, reporting requirements, or changes to consumer protection regulations, staying proactive is essential.
DFI and the Division of Consumer Services strives to provide up-to-date information on recent regulatory developments, guidance on compliance requirements, and best practices to help your organization remain aligned with industry standards.
In this edition, we are providing best practices for cyber hygiene, common findings from the field, and compliance information on fee restrictions for junior liens on mortgages. We are also providing helpful advice on maintaining licensure and information regarding NMLS Town Halls. We also have important information to share surrounding two rules that we are developing.
Last, we are also pleased to announce Kendall Freed has been named as the Chief of Enforcement for the Division of Consumer Services. Kendall has been with the Division for 8 years and brings a wealth of experience and institutional knowledge.
We hope you enjoy reading this edition of the newsletter. Until next time!
Ali Higgs