- The Mortgage Bankers Association (MBA) recently held their Regulatory Compliance Conference 2015 in Washington DC. It featured a number of panel sessions with individuals representing a diverse range of backgrounds, including attorneys, executive level servicing professionals, and CFPB employees, all providing guidance and perspective on the regulatory issues facing the industry. There was a large emphasis on Consumer Financial Protection Bureau (CFPB) examinations, as well as the TILA-RESPA Integrated Disclosure (TRID) rule, given the implementation began October 3, 2015.
- CMS is monitoring how providers are dealing with ICD-10 implementation, a delay in beginning bundled payment programs may be coming for hip and knee surgeries, and an additional comment period was added to the two midnights rule. Learn more about decisions made the last month in healthcare.
- From acute care in a hospital to sub-acute care in a facility to care provided in the home, the fee-for-service model is starting to fade. Profit margins will be squeezed, hospitals will be responsible for patients not in the hospital, incentives will reward better performance, and disincentives will penalize providers who are not efficient and quality-driven.
- US companies are seeking perspective on the EU’s Safe Harbor ruling – including an understanding of the data transfer impacts, data protection and privacy concerns – and potential alternatives to preserve their ability to transfer Europeans’ personal data to the US.
- Boards and management need tools like a SOC report review template to assist them in ensuring they are aware of any risks posed by, and the internal controls around, third party vendors.
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