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Compliance Action, Volume 21, Number 4

May 11, 2016

CFPB: Cordray's Agenda (5 Action Steps)

by Lucy Griffin

CFPB Director Richard Cordray recently presented his agenda to the Consumer Bankers Association in a speech that revealed what he considers adequate guidance for industry members trying to maintain compliance.

The Military Lending Act's New Chapter (3 Action Steps)

by Patti Blenden

In an effort to extend the protections to those who protect this country, the Military Lending Act has been updated to more closely align with TILA's Regulation Z definitions.

Action Training
Military Lending Act Compliance Chart: Effective October 3, 2016 (Chart)

by Patti Blenden

We have highlighted some major points to consider when preparing for the October implementation of the new MLA rules.

Compliance Notes

Compliance Calendar

In the Editor's Opinion
Compliance in No-Man's Land

by Lucy Griffin

While the CFPB would probably assert that the territory in which they expect you to do business is not entirely uncharted, the bottom line is that all of the compliance risk resulting from interpretation of vague rules falls on the financial institutions.

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