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Compliance Action, Volume 25, Number 10

February 28, 2021

Guidance
Role of Supervisory Guidance

By Nancy Castiglione, CRCM

The Interagency Statement Clarifying the Role of Supervisory Guidance, originally issued in 2018, has been transformed into a rule - with a few changes.

CFPB
Qualified Mortgages Amendments
Future Uncertain

By Nancy Castiglione, CRCM

The CFPB recently announced that it is considering a number of possible actions relating to the final amendments to the Qualified Mortgage definition under Regulation Z.

Action Training
Exemptions for Escrow Accounts for Higher Priced Mortgage Loans

By Nancy Castiglione, CRCM

The CFPB has finalized an amendment to Regulation Z adding a new exemption to the requirement to escrow for taxes and insurance for HPMLs.

Compliance Calendar

Editorial
Climate Change Issue Getting Hotter

By Nancy Castiglione, CRCM

The Treasury Department's appointment of Janet Yellen for Secretary signals a new strong commitment to climate change attention in the financial sector.

Compliance Notes

Questions & Answers

Compliance Online
NAICS

Editor:
Nancy Castiglione, CRCM
Editor Emeritus:
Lucy H. Griffin, Esq.
Board of Advisors:
John S. Byrne, Esq.
Cliff E. Cook
David Dickinson
Julie A. Gliha, MBA
Carl G. Pry
Susan Rich
Meg Sczyrba
Robert G. Rowe, III, Esq.
Andy Zavoina

Compliance Action