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Compliance Action, Volume 23, Number 7

October 23, 2018

*** 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

Final Rule Closes TRID ‘Black Hole’

by Ronette Schlatter, CRCM

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.”

BCFP Updates FCRA Consumer Rights Model Disclosures

by Patti Joyner Blenden

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).

EGRRCPA’s Portfolio Qualified Mortgage

by Patti Joyner Blenden

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.”

Action Training
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 Role of Supervisory Guidance

by Patti Joyner Blenden

The Agencies clarified the role of supervisory guidance and described the Agencies’ approach to supervisory guidance.

Compliance Calendar

In the Editor's Opinion
Are You a Positive Compliance Influencer?

by Patti Joyner Blenden

Have you ever thought about your role as an influencer? What does it take to be an effective compliance influencer?

Compliance Notes

Compliance Q & A

Compliance Online
Cybersecurity Awareness

by Patti Joyner Blenden

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
David Dickinson
Julie A. Gliha
Michael D. Maher
Carl G. Pry
Susan A. Rich
Robert G. Rowe, III, Esq.
Meg Sczyrba
Andy Zavoina

Compliance Action

Bankers' Hotline

Compliance Action