Compliance Action, Volume 21, Number 5

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

• More TRID Forms
• Guidance and the Federal Register
• Financial Health for Consumers
• Title Lending Hurts Consumers
• Newsrooms and the CFPB

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

• Removing a Co-Signer from a Loan
• Application Date for a Commercial Loan
• Unclear Income on Co-Applicant