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Compliance Action, Volume 21, Number 6

June 13, 2016

Fair Lending: The Difference Between Applications and Purchases (3 Action Steps)

By Stephen E. Sudhoff, CFA

Enforcement action taken by the CFPB and DOJ against Hudson City Savings Bank last year involved not only redlining, but highlighted issues surrounding applications, originations and purchases of loans.

RESPA: A Loan Officer Pays the Price (4 Action Steps)

By Lucy Griffin

The CFPB's consent order with a loan originator for his violations of RESPA is a stark reminder that compliance violations are not limited to corporate liability.

Enforcement Lessons: UDAAP and Business Practices (Chart)

By Lucy Griffin

To manage and prevent UDAAP problems,we've highlighted some enforcement cases involving business practices that can be useful for review and training.

Compliance Notes

Compliance Calendar

In the Editor's Opinion
Redefining Enforcement Gone Wrong

By Lucy Griffin

While supervisory agencies look at the whole picture when assessing loans in diverse economic situations, the CFPB is taking a more narrowed approach.

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