This paper was prepared by Marsha Courchane and Amand Raman, Partner and co-leader of Skadden’s Consumer Financial Services Litigation and Enforcement practice. The paper discusses default servicing as a priority for federal regulators, enforcement agencies, servicers and their advisors. It was released at the Mortgage Bankers Association Regulatory Compliance Conference 2010.
Model Risk Management Guidance SR 26-2 in the Era of AI
In our CRA Insight, we examine the revised interagency guidance, issued by the Federal Reserve as SR 26-2 (OCC Bulletin 2026-13; FDIC FIL-15-2026). We also...