Skip to content

Compliance Action, Volume 17, Number 9

July 30, 2012


High Cost Mortgages: CFPB Proposes Tighter Rules (6 Action Steps)

By Lucy Griffin

The CFPB's long-awaited proposals to modify mortgage lending rules would revise and expand the triggers for HOEPA coverage and puts into regulation what the Dodd-Frank Act requires. They are accepting comments on several issues - but there isn't much time to act!

UDAAP: The CFPB’s First Case (6 Action Steps)

By Lucy Griffin

The Consumer Financial Protection Bureau (CFPB) has issued its first significant enforcement action based on deception in marketing.

Action Training
UDAAP: CFPB’s Take on Deception (Checklist)

By Lucy Griffin

Following its recent enforcement action against Capital One Bank for deception in marketing, the CFPB issued guidance on marketing add-on products and UDAAP.

Compliance Notes

Compliance Calendar

In the Editor's Opinion
What Happened to Supervision?

By Lucy Griffin

Unlike the enforcement approach, which can have short-term and sometimes negative consequences, supervision is a more subtle and effective method for managing compliance.

Compliance Q & A

Executive Editor:
Lucy H. Griffin, Esq.
Board of Advisors:
Patti Blenden
John S. Byrne, Esq.
David Battle
Robert P. Chamness
David Dickinson
Phillips G. Gay, Jr.
Barbara Hurst
Robert G. Rowe, III, Esq.
Michael D. Maher
Andy Zavoina

Compliance Action

Bankers' Hotline

Compliance Action