Bankers Chafe Under Burden of Regulation
By Andrea Gregory
Almost any community banker will tell you regulatory compliance has become a concern in recent years. Corporate scandals involving companies such as Enron, Tyco and WorldCom and the Bush administration’s focus on fighting terrorism have spurred a host of new regulations, including the USA PATRIOT Act and Sarbanes-Oxley Act. Increasingly, leader of smaller banks say keeping up with regulatory mandates has increased costs and strained resources.
Bay State Activists Unhappy With Light Penalty on Lender
By Andrea Gregory
Ameriquest Mortgage Co. might not have admitted to any guilt in its multimillion-dollar settlement last week, but in the eyes of hundreds of Massachusetts residents who filed complaints against the mega-lender, the company did do something wrong.
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