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#1655175 - 01/24/12 07:46 PM Reg. E and CFPB
Cale_N_Oats Offline
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Cale_N_Oats
Joined: Aug 2008
Posts: 742
Southern Illinois
I'm a bit confused. Since Reg E is now under the authority of the CFPB (1000's). Do I have to go through my policy and change my references to parts in Reg. E? For example if I referenced 12 CFR Part 205.13, would I have to change it to 12 CFR 1005.13?
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#1655177 - 01/24/12 08:01 PM Re: Reg. E and CFPB Cale_N_Oats
rlcarey Offline
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rlcarey
Joined: Jul 2001
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Galveston, TX
That is the bad part about putting specific regulatory references in policies and procedures.
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#1655181 - 01/24/12 07:50 PM Re: Reg. E and CFPB Cale_N_Oats
Cale_N_Oats Offline
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Cale_N_Oats
Joined: Aug 2008
Posts: 742
Southern Illinois
NOOOO! You have confirmed my fears.
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#1655310 - 01/24/12 09:52 PM Re: Reg. E and CFPB Cale_N_Oats
John Burnett Online
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John Burnett
Joined: Oct 2000
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Cape Cod
Do yourself a favor. Start with a cover sheet to the policy that explains that all references to 12 CFR Part 205 should be read as references to 12 CFR Part 1005. That gives you breathing room.

Then go through the policy when you have more time and try to eliminate all those regulatory citations. You shouldn't need them.
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#1655951 - 01/25/12 08:04 PM Re: Reg. E and CFPB Cale_N_Oats
Cale_N_Oats Offline
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Cale_N_Oats
Joined: Aug 2008
Posts: 742
Southern Illinois
Thanks guys. Will do John, thanks again!
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