Financial Services Expo

Faisal Amin took part in the session “Cost Effective Regulatory Compliance” on August 3. Panelists reviewed the effect of too big to fail strategies that have created “too big” institutions; increased costs of compliance for businesses like mortgage servicing and origination; how the Consumer Financial Protection Bureau (CFPB) and its requirements have impacted banking, mortgage, insurance and wealth management; the Trump administration’s advocacy for a two-for-one on regulations (the repeal of two for one new regulatory strategy); the impact of Dodd-Frank’s new reporting requirements; and potential challenges for new CFPB regulations around Successors in Interest.

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