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New York governor backs moves to fight elder financial exploitation

Housing Wire

Hochul is seeking to mandate specialized training for bank tellers and other banking professionals in New York to identify and stop instances of elder financial abuse before they take place, according to a report from Newsday. Older Americans are often targets of financial scams by bad actors, and New York Gov.

Training 367
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Study: Long-term care services must be expanded to support aging in place

Housing Wire

The web of support services and infrastructure that governs the long-term care industry is in need of a serious expansion. These include inadequate availability of affordable services and insufficient numbers of trained and qualified health personnel to meet emerging needs.

Training 370
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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

” The spokesperson continued: “It is clear the government isn’t interested in their own rules, or facts, and are simply including us in this case to score headlines based on our strong brand and prominent position in the industry.

Appraisal 511
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Georgia looks to protect residents from title theft with new law

Housing Wire

Additionally, notaries are now required to confirm the identity of the document signer or affirmant through verification of a government-issued photo ID.

Law 397
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The appraisal industry’s governance problem

Housing Wire

Apart from questions of governance, the report found significant gaps in the Appraisal Foundation’s fair housing requirements and training. The post The appraisal industry’s governance problem appeared first on HousingWire.

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CFPB contracting officer details ‘wholesale termination’ of key contracts

Housing Wire

Contracts for training examiners who supervise banks and for administering the test that employees must take to become examiners were canceled. Contracts aiming to bolster the databases cybersecurity posture were also terminated, the officer said.

Contracts 385
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Disaster recovery for mortgage servicers: Navigating crisis with compliance & resilience

Housing Wire

Leaders in servicing are continually investing in automation, advanced training and real-time data tracking to ensure accuracy and responsiveness. Partnering with all stakeholders, inclusive of insurance providers, government agencies and community organizations, accelerates the process and smoothes out the customer experience.

Mortgage 330