The Consumer Financial Protection Bureau (CFPB) has issued clarifications to the TILA RESPA Integrated Disclosure (TRID) rules last year. The clarifications are referred to as the 2017 Rule or the Final Rule and were published on August 11, 2017. We are alerting you again, because the mandatory compliance date is October 1, 2018. The CFPB […]
TRID Rule Changes are on the Horizon Read More »
Effective April 19, 2018, the Successors in Interest provisions will go into effect under RESPA. It is critical that institutions have procedures developed to address potential and verified Successors in Interest, as well as train appropriate staff as to the requirements under the Regulation. Part 3 of 3 focuses on this provision; refer to Part
Mortgage Servicing Rules – Successor in Interest Part 3 of 3 Read More »
Overdrafts have received a lot of attention from examiners and is a hot button topic. We will consider the requirements for formal and ad hoc payment of overdrafts across multiple regulations. Reg DD Reg E Reg Z Reg B Fair Credit Reporting Act Fair Debt Collection Practices Act Unfair Deceptive Abusive Act and Practices Current
Overdraft Rules: Have Your Considered All the Options Read More »
Last week the compliance and risk management worlds reacted with joy over the signing of Senate Bill S. 2155. For most bankers, the passing of this bill represented the most significant regulatory relief in decades. Of noted importance was the rollback of the expanded data collection rules for the Home Mortgage Disclosure Act (HMDA). However,
HMDA Relief is Here for Many . . . Now What? Read More »
April showers brought May flowers, or in the BSA world, beneficial ownership is finally here. The BAT has been fielding questions left and right about some of the nuances of the new CDD requirements. The BAT has speculated on the implications of CDD as the fifth pillar for years now and one thing is clear:
Beneficial Ownership and Lending: Have we considered all possibilities? Read More »
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