Compliance Action, Volume 20, Number 11

RESPA's §8: Reinterpreted by Cordray (4 Action Steps)

by Lucy Griffin

CFPB Director Richard Cordray has a different "take" on RESPA's Section 8 that could have some serious implications.

Life After TRID: What to do Next ( Action Steps)

by Lucy Griffin

As the October 3rd deadline for TRID approaches, the "fun" is just beginning.

Action Audit
TRID Checkpoints (Chart)

by Lucy Griffin

Checking the accuracy of Loan Estimates and Loan Closing Disclosures will involve a two-step process of old and new. We provide some checkpoints to help you avoid an missteps in the monitoring procedures.

Compliance Notes

• FinCEN Proposes AML Rule for Investment Advisors
• Hurricanes and Forest Fires
• Military Lending
• Tax Refund Loans
• More on UDAP and Add-on Products
• Flood Violations
• Free Deposit Insurance Seminars

Compliance Calendar

In the Editor's Opinion
Meeting a Regulator's Responsibilities

by Lucy Griffin

While regulators are empowered and tasked with huge responsibility, their focus should be on ensuring compliance with laws, regulations, and established rules.

Compliance Q & A

• Reg B's Definition of Business Day
• Reg B's Appraisal Rule Timing
• Approving Risky Applicant with Co-Signer
• Loss Mitigation Rules