CFPB PUBLISHES SEMI-ANNUAL AGENDA
Category: CFPB, Regulation B, Regulation C, Regulation CC, Regulation Z, RESPA, Truth in Lending
Today the Consumer Financial Protection Bureau (CFPB) published it’s semiannual agenda as part of the Fall 2013 Unified Agenda of Federal Regulatory and Deregulatory Actions. The Agenda reflects antipathy actions during the period from October 1, 2012 to October 1, 2013. The next agenda will be published in spring 2013 and will update the agenda through October 1, 2013. According to the agenda the following final rules are expected in January 2013: Regulation X and
We mentioned yesterday in our Compliance Masters Group article that we’re expecting over 10,000 pages of regulations in the next few weeks. We are expecting a lot, but just not that much. We had a typo, and it should have said “we’re expecting over 1,000 pages of regulations”.
About a year and a half ago I started a Compliance Masters Group after hearing many of my seminar attendees say, “I wish I could take you back to the bank with me.” My goal was to develop a more hands on approach to help walk people through what’s going on in the crazy compliance world, and to develop tools to help them prepare and comply with all the laws and regulations. Our Compliance Masters
Recently the U.S. Department of Housing and Urban Development (HUD) announced an agreement with Bank of America (BOA) to settle a claim that the mortgage lender refused to provide financing to a lesbian couple. The agreement is the first enforcement action taken against a lender involving HUD’s recent rule ensuring that the Department’s core housing programs be open to all eligible persons, regardless of sexual orientation, gender identity, or marital status. HUD’s rule, Equal Access to Housing
HMDA MACRO QUALITY EDITS
Category: HMDA, Lending Compliance, Regulation C
It’s that time of year when HMDA LARs are being scrubbed, double-checked and submitted to regulators. Once you submit the data the agencies begin their quality checks, which often result in Macro and Micro Quality Edits that need your attention. Below are agency-provided answers to some of the most common questions about macro quality edits, reasons for providing detailed explana¬tions on the Macro Quality Edit Report, and examples of acceptable macro edit responses. What is
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The ever-changing laws, regulations, proposals, deadlines, and guidance are a lot for anyone to manage and keep up with so let us do the work for you. Our blog is designed to help compliance professionals by releasing updates as soon as the news breaks. Our Compliance Resource team is researching, following, and monitoring government agencies and regulators to give you all the latest and greatest compliance news. Our goal is to work harder so you don’t have to.