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Organizations are swamped with a growing number of regulatory changes. A recent article in the Washington Post pointed to the constant rise in the average number of major federal regulations with each recent administration—from 27 per year under President Clinton to 44 per year under President Obama. Research consistently shows compliance professionals predicting that their companies will need to increase the amount of time and resources required to comply with changing regulatory requirements. In a 2012 congressional hearing of the Independent Community Bankers of America, presenters cited 921 documented compliance changes in four years, leading senior executives to now spend an estimated 80 percent of their work time on compliance-related issues compared to 20 percent three years ago, with loan originators likewise spending 30-35 percent of their time per file on compliance, compared to 5-10 percent in the past.