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Compliance Action, Volume 21, Number 5

May 23, 2016

Mortgage Compliance: Learn From Complaints (5 Action Steps)

by Lucy Griffin

The CFPB's April report on complaints features an analysis of mortgage complaints and calls attention to some areas that should be high on the compliance common violation list.

Fair Lending: The CFPB Agenda (4 Action Steps)

by Lucy Griffin

The CFPB's 2016 annual report to Congress highlighting its enforcement of fair lending laws for the past year also provides some indications of the Bureau's priorities for the coming year.

Enforcement Lessons
UDAAP and Marketing (Chart)

by Lucy Griffin

With CFPB changing the UDAAP landscape, we've highlighted some enforcement actions the Bureau has taken to flag the key issues.

Compliance Notes

Compliance Calendar

In the Editor's Opinion
Is Arbitration Bad for Consumers?

by Lucy Griffin

The CFPB is proposing the elimination of mandatory arbitration clauses in consumer contracts, implying that arbitration benefits the financial institution, not the consumer – but that is not usually the case.

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