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Annual Lending Compliance Recap

Recorded on January 11, 2018

It’s time to confirm what you know and find out what you missed so you can start the year off right from a compliance standpoint. A review of changes to the loan rules and regulations is important, as is a look at enforcement actions, court decisions, exam trends and more.

Compliance Officers are still dealing with TRID. In fact, many are still dealing with the math – what costs go where and what reimbursements have to be made and what if it was all the title company’s fault? There is a lot to address, plus 2017 hasn’t been a sleeper for new and revised requirements. New HMDA rules are ready for real-time, the Military Lending Act changes took effect, and the flood rules (which are always a major problem) are changing, too. Did you know the current proposal is to raise the fine to $5,000 per occurence? And these are just three major examples that are enough to keep you busy all year. But wait, there’s more.

Many banks suffered regulatory penalties. There are valuable lessons to be learned from another bank’s mistakes and it may be your chance to tweak policies and procedures to avoid penalties under UDAAP, flood and various other penalties we can all learn from.

So what’s new, what’s different, and what do you need to focus on in 2017? This recap will help you answer these questions.

Here are a few of the things we'll cover in this fast-paced two-hour review:

  • TRID updates
    • Amendments
    • Clarifications
    • Exam materials
  • Flood insurance changes
  • HMDA rule changes
  • What's new in lending to the military, SCRA and MLA and enforcement actions - lessons learned
  • Servicing rule amendments
  • The new URLA
  • Fair lending
  • Debt collections
  • Regulatory manual updates you can use in your compliance management program
  • Legal cases of interest
  • Regulatory penalties we can all learn from
  • And much more

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