Skip to content

Compliance Action, Volume 19, Number 14

December 11, 2014

RESPA and TILA: More on Servicing Rules (6 Action Steps)

By Lucy Griffin

The CFPB has published revisions to existing RESPA and TILA servicing rules to plug some loopholes and provide clarification.

Action Audit
Is Your Loan Servicing Program Working? (Checklist)

The proposed new mortgage servicing rules provides some early guidance on where problems lie. A federal register document discussing the proposal provides a checklist of issues to include in a compliance audit.

Compliance Notes

Compliance Calendar

In the Editor's Opinion
Then and Now

By Lucy Griffin

Thanks to changing laws and the compliance managers who managed their implementation, we've come a long way since the crisis of 2008, even further when we consider where things were in the early 1970s. The distance we have come in four decades is much, much greater than the distance we still have to travel.

Compliance Q & A

Final Privacy Rule

The CFPB has issued a final rule on privacy disclosures that will relieve many institutions from the requirement of mailing annual privacy notices.

Executive Director:
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