Call it S.2155, Economic Growth, Regulatory Relief and Consumer Protection Act, EGRRCPA, or Public Law No: 115-174, deregulation by any other name is just as sweet. The sour part is, deregulation will be more work in the short run.
WednesdayJuly 11, 2018 1:30 pm CDT
Preparing for Examination under the Mortgage Servicing Rules: What We Know Now
The Economic Growth, Regulatory Relief, and Consumer Protection Act (Pub. L. 115-174) became law on May 24, including adjustments to the Home Mortgage Disclosure Act (HMDA).
When the bank has a claim for an unauthorized EFT, it costs you money. The choices you make will determine how much that will be. If you pay every claim, you may be giving away profits.
Providing a timely Loan Estimate can be a challenge, and making mistakes can be costly. The first TRID rules left us with lots of questions, but the 2017 changes have cleared up much of the confusion.
Since December 29, 1987 banks have been required to develop and deliver Adjustable Rate Mortgage (ARM) program disclosures for each different ARM program offered. The disclosures must be updated at least annually.
After much industry confusion and concern regarding elements of the regulation, the CFPB released a proposal to update the TRID regulation in July 2016.
The conundrum, a branch wants to raffle off homemade pies to raise money for a charity near and dear to the heart of those bankers. But is this a raffle, a contest or a lottery?
Recorded on June 12, 2018
Fair Lending - Do Your Lenders Know the Requirements?
Cyber security takes the front seat on the new SAR. Learning how to complete the new data fields on SARs and the new page on transaction location for CTRs will be covered.
What you don’t know about Cyber Incident Response can cause more risk and damage than the incident. Cyber-attacks affect the entire bank and every function; it’s not just an I.T. problem. Successful response plans go beyond technology.
The Real Estate Settlement Procedures Act (Regulation X) has contained rules for administering escrow accounts for many years. The Truth in Lending Act (Regulation Z) requires escrow accounts in connection with higher-priced mortgage loans.
You need a full understanding of FinCEN's two significant guidance documents and the 63 FAQs they contain, in order to fully comply with the regulations on Beneficial Ownership Requirements for Legal Entity Customers and the codification of a &q