ZILLOW?
Category: CFPB, Regulation X, RESPA, Section 8 Violation
Recently a member of our Compliance Masters Group inquired, “It looks like the CFPB has dropped their case with Zillow according to a statement by Zillow. We had a lot of our lenders wanting to co-market with realtors on Zillow. Now what?” Good question. What we do know – Zillow Group received a letter from the CFPB on June 22 stating that the CFPB “had completed its investigation, that it did not intend to take
On July 6, 2018 the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (the agencies) issued a statement regarding the immediate impact of the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA). The statement provides information on rules and associated reporting requirements that the agencies jointly administer and that EGRRCPA immediately affected. The agencies will take the described positions in
On July 5, 2018 both the Office of the Comptroller of the Currency (OCC Bulletin 2018-19) and the Consumer Financial Protection Bureau issued statements regarding the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) amendments to the Home Mortgage Disclosure Act (HMDA). The President signed the EGRRCPA on May 24, 2018. Section 104 of the law amends HMDA. The EGRRCPA provides exemptions from certain HMDA requirements for insured depository institutions, with satisfactory or outstanding
Before you read this post, if you haven’t already, please take a few minutes and read my updates from Day 1 and Day 2 of my first ABA RCC. If you’ve picked up anything from the first two recaps that I’ve written it is likely that I am not a morning person, I hate the sound of forks scraping against plates and you know my face, but I probably don’t know your face. Now that
If you will recall from my recap of Day 1, I’m not typically an early riser. My day started as early as the conference would allow me with a Power Hour session provided by Treliant. The speakers for “Seven Steps to Avoid Redlining” were Carl Pry and Susanna Tisa. This session had a lovely continental breakfast provided, and lots of really informative discussion about…you guessed it, avoiding redlining! I think my favorite takeaway from this
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