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Compliance Action, Volume 21, Number 3

March 31, 2016

FAST HELP for Small Creditors (4 Action Steps)

by Patti Blenden

Who in the banking world would have imagined "FAST" and "HELP" in the same happy sentence with "small creditors" in this crazy post-QM world?

CFPB's NALs: Not Worth the Paper They Are Written On

by Lucy Griffin

The CFPB has published a policy for issuing No-Action Letters (NALs). Be sure to review it carefully before considering the CFPB's policy as a form of risk protection.

Action Training
Quick Reference: Amended Reg Z's Small Creditor or Servicer and Rural Loans (Charts)

by Patti Blenden

The CFPB's latest amendment relating to small creditors and rural or underserved areas under TILA significantly relaxed the qualifying number of covered transactions extended in rural or underserved areas.

Compliance Notes

Compliance Calendar

In the Editor's Opinion
CFPB or Acorn?

by Lucy Griffin

The creation of the CFPB has lead to significant changes in the methods of regulation, supervision and enforcement.

Compliance Q & A

Executive Editor:
Lucy H. Griffin, Esq.
Associate Editor:
Patti Blenden
Board of Advisors:
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