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Compliance Action, Volume 20, Number 2

February 11, 2015

RESPA: What Are Your Lenders Doing? (4 Action Steps)

by Lucy Griffin

Recent enforcement cases brought against two big banks by the CFPB are evidence that the Bureau will hold banks responsible for the behavior of their employees, even if that behavior clearly violates bank policy and procedures.

HMDA and ECOA: Prequalifications, Preapprovals and Applications: (3 Action Steps & Chart)

by Lucy Griffin

In determining when the interaction between a lender and a customer is an application, it is imperative to know the difference between prequalifications and preapprovals.

Action Training
HMDA Helpful Hints (Chart)

To prevent overlooking HMDA-reportable transactions, we have charted some helpful tips to consider when performing HMDA scrubs.

Compliance Notes

Compliance Calendar

In the Editor's Opinion
Do I Have To?

By Lucy Griffin

Compliance requirements serve myriad purposes and it can often be easier - and save a lot of time - to follow compliance rules than to question their necessity..

Compliance Q & A

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

Bankers' Hotline

Compliance Action