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I have always enjoyed fruit. When I was a kid we always had a selection of fruits in the house, and on rare occasions we had a more exotic fruit, like figs. Most of my family didn’t like figs, so my Mom and I always split them. They were quite a treat. I haven’t had any figs in a while, but soon we all will have more FIG than we want. Final revisions to Regulation

Congress passed the FAST (Fixing America’s Surface Transportation Act) Act on December 4, 2015. Title LXXXIX of the FAST Act is the Helping Expand Lending Practices in Rural Communities Act of 2015 (HELP Rural Communities Act). Congress removed the word “predominantly” from the phrase “operates predominantly in rural or underserved areas” in sections 129C and 129D of the Truth in Lending Act. The phrase is used to define, in part, which creditors are permitted to make

On January 20, 2013 the Consumer Financial Protection Bureau (CFPB) published final rules to revise the Truth in Lending Act (TILA) to require creditors to establish and maintain loan originator qualification requirements. One of the qualification requirements mandates that the creditor provide adequate training for loan originators. The final rules were effective on January 1, 2014. Failure to provide periodic training for loan originators is a double violation of the Truth in Lending Act and

Thanks for supporting Compliance Reosurce this year. We want to congratulate you for surviving 2015, and we hope you have a wonderful year-end holiday season and a happy, healthy and prosperous 2016. Jack Amy Robin Kelly

Recently we received the following Holiday Greeting from one of our Compliance Master Group members and wanted to share it with all of you: Merry TRIDmas and a HMDA New Year. Is that politically correct?