Compliance Action, Volume 23, Number 7
*** From the Editor: Articles uploaded ***
Check back frequently and catch the new content as it is published! Once the issue is complete, the .pdf version will be available (and you will receive an email alert).
- Patti Joyner Blenden, Editor
A rule amending Regulation Z, issued by the Bureau of Consumer Financial Protection (Bureau), will effectively “close” the TILA-RESPA Integrated Disclosure (TRID) “Black Hole.”
The Bureau published an interim final rule in the Federal Register on September 18, 2018, updating two model disclosures to reflect changes made to the Fair Credit Reporting Act (FCRA).
A significant aspect of the regulatory relief legislated by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) on May 24, 2018, is the creation of a new category of consumer closed-end mortgage loans retained in portfolio by qualifying community banks, “covered institutions.”
Updated Real Estate Valuation Thresholds
Collectively, the FRB, FDIC and the OCC adopted a final rule effective April 9, 2018, (83 FR 15019 - 15036) creating a new definition of, and a separate category for, commercial real estate (CRE) transactions and raised the previous FIRREA Title XI threshold for requiring an appraisal
The Agencies clarified the role of supervisory guidance and described the Agencies’ approach to supervisory guidance.
In the Editor's Opinion
Are You a Positive Compliance Influencer?
Have you ever thought about your role as an influencer? What does it take to be an effective compliance influencer?
Compliance Q & A
- Invalid loan conditions
- Multiple control people for the same EIN?
- Loan modification, credit scores, and disclosures
October has been designated the National Cybersecurity Awareness month. Check out the useful tools and links available.
- Patti Joyner Blenden
- Board of Advisors:
- John S. Byrne, Esq.
Cliff E. Cook
Julie A. Gliha
Michael D. Maher
Carl G. Pry
Susan A. Rich
Robert G. Rowe, III, Esq.