Fincen whistleblowers could earn 30% of penalties in new rule

The Treasury’s financial crimes enforcement wing proposed a rule Monday that would incentivize whistleblowers to come forth with information that could assist in cracking down on scams, fraud or money laundering, at a time of heightened geopolitical risk.

Mortgage industry baffled by Trump’s MLO order

A section of Trump’s executive order on mortgage credit called for eliminating requirements for loan officer registration, a process industry experts say has never been considered a burden.