More about Margaret Wright
Margaret Wright, JD, is regulatory compliance director with CLA. She is a graduate of Stonehill College and earned her juris doctor at Suffolk University Law School. She is admitted to the Massachusetts Bar.
Blog Posts by Margaret Wright:
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How to Prepare for a Fair Lending Examination: Part II – The Examination
by Margaret Wright, Esq.Assistant Vice President & Senior Counsel A lender’s understanding of the examination procedures established under the Interagency Fair Lending Examination Procedures is vital in establishing a valuable fair lending self assessment program. Following the same steps for self assessment as in a regulated fair lending examination is key to ensuring fair lending […]
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How to Prepare for a Fair Lending Examination: Part I – Examination Scope
Dear Reader, This newsletter article is the first of a three-part series on How to Prepare for a Fair Lending Examination. You’ll learn what to expect from an examiner and ways to complete a self assessment steps. Margaret carefully explains the rules published in August 2009 by the OTC, FDIC, Federal Reserve Board, OTS […]
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HUD Proposes Amendments to Fair Housing Act’s Discrimination Standards
by Margaret Wright, Esq.Assistant VP & Senior Counsel The Department of Housing and Urban Development (HUD) has issued a proposed rule amending the Fair Housing Act in order to “establish uniform standards for determining when a housing practice with a discriminatory effect violates” the Act. The proposed amendments arise from the need for uniformity of […]
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FHFA & FHFA-OIG Privacy Act Implementation: An Overview of the Interim Final Regulation
by Margaret Wright, Esq.Associate Counselmargaret@bankersadvisory.com The Federal Housing Finance Agency (FHFA) has issued an interim final regulation implementing changes to its Privacy Act policies and procedures under which an individual may make a request for information contained in a FHFA or FHFA Office of Inspector General (FHFA-OIG) system of records. Under the Privacy Act, the […]
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FTC Publishes Final Rule on Mortgage Advertising: Prohibited Representations under Mortgage Acts & Practices
by Margaret Wright, Esq. Associate Counselmargaret@bankersadvisory.com On July 22, 2011 the Federal Trade Commission (FTC) published the Mortgage Acts and Practices – Advertising Final Rule “relating to unfair or deceptive acts and practices that may occur with regard to mortgage advertising”. 76 FR 43826. The Mortgage Acts and Practices- Advertising Rule (MAP Rule) amends Title 16, […]
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FTC Issues Final Rule on Mortgage Advertising
by Margaret M. Wright, Esq.Associate Counsel On July 22, 2011 the Federal Trade Commission (FTC) published the Mortgage Acts and Practices- Advertising Final Rule “relating to unfair or deceptive acts and practices that may occur with regard to mortgage advertising.” 76 FR 43826. The Mortgage Acts and Practices- Advertising Rule (MAP Rule) amends Title 16, […]
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Combating Mortgage Fraud in the Trenches
Proposed Suspicious Activity Report Requirements for Non-bank Residential Mortgage Lenders and Originators by Margaret Wright, Esq. Associate Counselmargaret@bankersadvisory.com Proposed Regulation The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is in the process of establishing the requirement for Suspicious Activity Report (SAR) filings for non-bank residential mortgage lenders and originators.Currently under the Bank Secrecy Act (BSA), only […]
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Red Flag Clarification Act of 2010 – Keeping Red Flags on the Radar
by Margaret Wright, Esq. The Red Flag Program Clarification Act of 2010, effective December 18, 2010, is substantively an amendment to the definition of creditor as used in Section 615(e) of the Fair Credit Reporting Act. The Red Flag Program Requirement Section 615(e) of the Fair Credit Reporting Act establishes the requirement for Red Flag […]