Welcome Des Moines, IA
We are very pleased to announce that we will be adding Des Moines, Iowa, to our compliance seminar circuit in 2014. Des Moines joins our other cities of Grand Island/Kearney, NE, Omaha, NE and Sioux...
View ArticleAre you Over the Top on Regulation E Error Resolutions?
When it comes to resolving errors covered under Regulation E are you going “over the top”? Maybe your written procedures are in tune with the regulation but are your actual practices? Banks cannot...
View ArticleAvoiding Regulation E Error Resolution Troubles
In our blog earlier this week, we alerted you to some recent civil money penalties assessed to banks for violating both Regulation E and Section 5 of the Federal Trade Commission Act (Unfair and...
View ArticleCordray's Latest Message
CFPB Director Cordray spoke at the American Mortgage Conference on September 11, 2013, and his speech included some pretty good remarks. I figured since I actually read and analyzed his speech, I...
View ArticleCFPB "Expects" Independent Compliance Audits
The CFPB recently published their Summer 2013 Supervisory Highlights. The purpose of this publication is to periodically review the development of the Bureau’s supervision program and share certain...
View ArticleReal Estate Matrix 9.0
With all the upcoming regulatory changes, inevitably our Real Estate Matrix had to change as well. Surprisingly, the Real Estate Matrix didn’t change as much as we initially thought it might. We are...
View ArticleFed To Host Fair Lending Session
If you are a regular reader of our blogs and newsletter, you know that Fair Lending is a HOT topic! So hot, we wanted to alert you to an upcoming Federal Reserve webinar. The Federal Reserve has...
View ArticleBiggert-Waters Flood Rule Changes Proposed
On October 8, 2013, the Agencies (OCC, FRB, FDIC, FCA and NCUA) issued a proposal to amend the flood insurance requirements. The proposed changes seek to implement provisions of the Biggert-Waters...
View ArticleKnow Before You Owe ready, set, here we go!
The CFPB will be holding a field hearing on November 20, 2013, in Boston, Massachusetts. The CFPB has used past meeting like this as a platform to announce the issuance of new rules. Remember, the...
View ArticleAttempting to Solve the Hazard Insurance Points & Fees Puzzle
One of the big questions surrounding the Regulation Z Mortgage Reform Rules taking effect in January relates to the definition of “points and fees”. Specifically, whether hazard insurance premiums...
View ArticleThe QRM Effect
Many might be wondering how the proposed Qualified Residential Mortgage (QRM) Rule will affect community banks. In the short term, we don’t expect much, if any, effect at all. I know, I know, how...
View ArticleWill the January 2014 Mortgage Reform Effective Dates Be Delayed?
Are you still holding out hope that the mortgage reform rules set to go into effect in January 2014 will be delayed? If Consumer Financial Protection Bureau (CFPB) Director Richard Cordray gets his...
View ArticleLoan Servicing Requirements: Don't Forget About Your Existing Loans!
As most of the requirements going into effect in January 2014 apply to new applications it might be very easy for banks to overlook those requirements that affect their existing loans. If you haven’t...
View ArticleCFPB Releases Final Rule on Integrated Disclosures
We knew it was coming, and the CFPB has now released their Final Rule on the Integrated Disclosure requirements that are part of their “Know Before You Owe” initiative. Announced with an effective...
View ArticleCFPB Releases Homeownership Counseling List Tool
With January quickly approaching you are hopefully already aware that you will be required to provide a Homeownership Counseling list on RESPA covered applications received on or after January 10,...
View ArticleHOEPA Worksheet 2014
We have had numerous inquiries over the past several months as to when the HOEPA worksheet will be updated for the January 2014 regulatory changes. We do not plan to update the HOEPA Worksheet for...
View ArticleReal Estate Matrix Version 9.1
We recently made some technical changes to Real Estate Matrix 9.0. While the changes are very technical, we encourage you to download Version 9.1 and replace any hard copies you may have printed to...
View ArticleThe Leniency Period Defense
At this point, rather than delaying the January 2014 effective dates, the Consumer Financial Protection Bureau has stated that there will be a period of sensitivity or leniency. Per Director Cordray...
View ArticleBCC Compliance Forum
Are you struggling to stay on top of all the regulatory changes? Would you like to know on what areas examiners are focusing? Since solutions are our specialty we are excited to announce another...
View ArticleWhat's in store for 2014?
I’m sure many of you are in the process of finalizing budgets and plans for coming year and I wanted to give a quick overview of what the CFPB is planning for compliance in 2014. Truth in Lending Act...
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