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ABILITY TO REPAY RULES TO BE PUBLISHED TODAY
The Consumer Financial Protection Bureau (CFPB) will publish the long-anticipated amendments to Regulation Z to implement the ability to repay rules today. The rule will be effective next year. CFPB Director Richard Cordray will officially announce the new rule in an event scheduled for later today in Baltimore. The is the first of several final rules scheduled to be published by the end of next week. The rule imposes a range of obligations and restrictions […]
CORRECTION: COMPLIANCE MASTERS GROUP
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”.
Compliance Masters Group- Act Now to Save!
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 […]
CFPB What’s Happening & When It’s Happening
The Consumer Financial Protection Bureau (CFPB) has proposed thousands of pages of new rules during 2012. Everyone knows that final rules are expected soon, but it is generally not clear exactly what is going to happen and when is it going to happen. The following table summarizes what is expected from the CFPB and when the next action is expected. The information is largely based on the Spring 2012 Semiannual Regulatory Agenda published by the […]