Paraphrased, here is what one circuit court said, “consumers are protected from a company’s deception, even if they never actually read its disclosures.” The world of compliance is different when you consider UDAAP whether with one or two “A’s”.
ThursdayApril 26, 2018 1:30 pm CDT
2018 Providing Accurate and Timely Adverse Action Notices
Both the Equal Credit Opportunity Act (ECOA) and the Fair Credit Reporting Act (FCRA) contain requirements for providing notice of action taken. This two-hour webinar reviews the requirements of both laws.
Don’t wake up in a cold sweat worried that some lending compliance changes have escaped your notice! Tune in to this program for a quick rundown of what’s new, what’s changed, what you need to watch out for.
Banks must develop Adjustable Rate Mortgage (ARM) program disclosures for each different ARM program offered and must update the disclosures at least annually.
Notices must be sent in response to rate changes.
Does the fair lending and UDAAP regulatory focus have you concerned about Adverse Action compliance? This webinar will ensure your financial institution is up to speed with equal credit, fair credit and credit score best practices.
Recorded on November 29, 2017
HMDA Check Up – Laying the Groundwork for January 2018
Whether you are just getting started on your HMDA 2018 preparations or want a refresher on important HMDA foundational concepts to resolve your questions, this webinar will meet your needs.
There are a lot of rumors flying around on demographic data
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.