Compliance Action, Volume 20, Number 12

Overdraft Payment Program Best Practices (3 Action Steps)

by Patti Blenden

While dealing with TRID and all it entails, a review of deposit accounts and Overdraft Payment Programs (OPP) may be needed. In assessing your OPP risks, we've provided some suggested best practices along with some regulatory requirements to consider.

More Changes to Z: Redefining Small Creditors and Rural Areas (4 Action Steps)

by Lucy Griffin

The CFPB has issued a final rule which forms the basis for determining coverage of escrow account requirements and certain types of mortgages.

Action Training
Quick Reference: Redefining Reg Z's Small Creditor or Servicer and Rural Loans (Charts) Updated 11/12/2015

by Patti Blenden

The CFPB's final rule on "Amendments Relating to Small Creditors and Rural or Underserved Areas under the Truth in Lending Act" revises Reg Z definitions of small creditor and rural area for some regulatory categories.

Compliance Notes

• Paperwork Reduction and Disclosures
• CARD Act Annual Adjustments
• ATR and QM Threshold Adjustments
• Fifth Third Hit for Card Add-Ons
• More Redlining

Compliance Calendar

In the Editor's Opinion
The Harm of Deception

by Lucy Griffin

No one likes to be deceived – least of all consumers.

Compliance Q & A

• Ordering Services Prior to Intent to Proceed
• Electronic Receipts for Teller Transactions
• Charging Applicant for Both Off-List and Bank Provider
• Non-Owner Residential Mortgage Application