Major HMDA Changes are just a year away! There will be new Demographic Information collection forms, and you’ll be reporting different data in a different format, to a different agency, using a different method. Are you ready?
Section 8 of RESPA prohibits unearned fees and kickbacks. Over the years HUD issued hundreds of enforcement actions involving Section 8. In 2011 authority for enforcing RESPA transferred from HUD to the Consumer Financial Protection Bureau.
January 1, 2017: That is the date that some of the HMDA rule changes will affect your process. Will your financial institution be ready? Will you have a revised process in place to begin gathering and testing data?
If you produce or review advertisements, you want to know what the different rules require and how to comply. Join us for a webinar that focuses on key compliance requirements to keep your institution’s ads compliant and avoid the UDAAP trap.
Whether you are taking a mobile home as a part of a loan workout or to help provide affordable housing in your market, there are many myths and truths about your compliance obligations and you need to know the difference.
Requiring spouses (or anyone) to sign a loan – or the appearance your loan officers are making such a requirement – is a significant fair lending issue. Fair Lending is a perennial hot topic with regulators.
Each regulatory agency monitors and measures complaints and reviews them during examinations. Complaint handling is a customer service issue with compliance implications, and checks and balances are needed to handle it correctly.