TRID DELAY
Category: ABA RCC, CFPB, Integrated Disclosures, Lending Compliance, Regulation X, Regulation Z, RESPA, Truth in Lending
Today, within hours after the Consumer Financial Protection Bureau (CFPB) announced to 1,700 bankers at the ABA Regulatory Compliance Conference that there would be no delays in TRID (TIL/RESPA Integrated Disclosure Rule) implementation, CFPB Director Richard Cordray issued the following statement: “The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until October 1, 2015. We made this decision to correct an administrative error that
The American Bankers Association always selects a nice location for its annual Regulatory Compliance Conference and next year is no exception. The ABA has announced the 2016 Regulatory Compliance Conference will be held June 12th-15th at the Manchester Grand Hyatt Hotel in San Diego, CA. Mark your calendars – it’s sure to be another great conference.
HOT TOPICS AT THE ABA RCC
Category: ABA RCC
With 23 session offerings on Sunday and 29 session offerings on Monday covering 31 different topics, attendees of the ABA Regulatory Compliance Conference have had the opportunity to hear about emerging compliance issues and changes from leaders in the industry. Our Compliance Masters Group members in attendance reported to us that the following were popular sessions with very high attendance: • The Seven Deadly Sins of Overdraft Protection • TILA-RESPA Integrated Disclosure Rule: Count Down
ABA RCC – FEAR IN THE AIR
Category: Uncategorized
Over the years it has become apparent that standing room only (SRO) crowds for a particular session at the ABA RCC means either: The ABA misjudged the popularity of the topic and assigned it to an undersized room; or There is a sense of fear in the air. The “fear in the air” SRO topics so far this year include: TRID; HMDA; and Flood Insurance. HMDA and Flood represent fear of the unknown and these
DAY ONE OF ABA RCC
Category: ABA RCC
The American Bankers Association Regulatory Compliance Conference is in full swing. We have many members in attendance and yesterday was the first of four compliance packed days for them. Here’s some of the feedback we received from our Compliance Masters Group members on Sunday (day one of the conference). Our members reported that they are thrilled with Washington D.C. as the location of the conference this year. One member made an excellent point that Washington,
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