Compliance Action, Volume 24, Number 4

Fair Debt Collection: Who is a Debt Collector?

By Nancy Castiglione, CRCM

The CFPB is proposing to amend Regulation F, implementing the Fair Debt Collection Practices Act (FDCPA), to prescribe Federal rules governing the activities of debt collectors covered by the FDCPA. Your institution should determine if it qualifies as a debt collector.

Qualified Mortgages
Taking a New Look at Qualified Mortgages

By Nancy Castiglione, CRCM

The CFPB has issued an Advance Notice of Proposed Rulemaking to determine what to do with temporary GSE QM loans scheduled to in 2021 and seeking input on how general QMs may be defined and qualified.

Reg Z
Thresholds and Exemption Levels

By Nancy Castiglione, CRCM

The CFPB has published some of the Regulation Z dollar thresholds/trigger amounts affecting key provisions of closed-end and open-end lending for 2020.

Action Training
Try a Role-Playing Exercise

By Nancy Castiglione, CRCM

To engage staff members and help them retain what they learn in training, try a role-playing approach in your next training session.

Compliance Calendar

In the Editor's Opinion
The Comment Process: It Couldn’t be Easier

By Nancy Castiglione, CRCM

Regulators now offer multiple options for providing industry feedback on important regulatory proposals.

Truncating Social Security Numbers on W-2 Forms

By Nancy Castiglione, CRCM

In an effort to thwart ID theft, the IRS is permitting employers to truncate SSNs and TINs on W-2 forms provided to employees.

Compliance Q & A

• Definition of a Community Bank
• Terminating a HELOC
• Borrowers' Intent to Apply Jointly

Qualified Mortgages
New Flood Insurance Examination Procedures

By Nancy Castiglione, CRCM

The FFIEC has issued revised interagency examination procedures for the Flood Disaster Protection Act.

Compliance Online
Lending Powers Defined