Latest Compliance - Escrow Topics

Finance charge errors are the most common violation identified by examiners in the compliance examination. Odd days interest can be a cause of finance charge problems.

Question: Under the interim exemption procedure, is a company that was unexemptable because of the nature of its business, automatically exempt if it is listed on the stock exchange?

HUD's latest rulemaking delves deeper into bank holding companies, defined as controlled business arrangements for purposes of RESPA, and continues the HUD directed forced march away from customer

Question: We are organizing a compliance committee and are having a debate about whether to include a representative from operations. What do you recommend?

The bank regulatory agencies, working together through the Federal Financial Institutions Examination Council ("FFIEC") have proposed revisions to the Uniform Financial Institutions Rating System,