Tag Archives: CFPB

Spring Regulatory Changes – April Compliance Newsletter

STATE Connecticut Adopts Electronic Recording Regulations. Sections 7-35ee-1 to 7-35ee-10 specifically permit town clerks to accept electronic recordings for real property, providing for definitions such as Electronic Recording, Electronic Signature, and Electronic Document Delivery System that shall dictate the processes and … Continue reading

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February 2013 – Compliance Newsletter

CFPB CFPB FINAL RULES – Implementation Plan for New Mortgage Rules The Consumer Financial Protection Bureau (CFPB) announced on 2/13/2013 a plan that focuses on supporting the mortgage industry, and their ability to comply with new consumer protections that go into effect … Continue reading

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Special Edition Compliance Newsletter, January 2013

New Final Rules from the Consumer Financial Protection Bureau In the past three weeks the Consumer Financial Protection Bureau (CFPB) have issued eight new, final rules, most having effective dates in 2014, there are a few requirements with a 2013 … Continue reading

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CFPB Mortgage Policy Field Hearing, January 10, 2013

I was in attendance at the CFPB Mortgage Policy Baltimore Field Hearing on January 10, 2013.  CFPB Director Richard Cordray presented the QM to the industry, “[o]ur goal with the Ability-to-Repay rule is to make sure that people who work hard to buy … Continue reading

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December 2012 – Compliance Newsletter

CFPB CFPB and FTC Issue Warning and Investigations Triggered by False Mortgage Advertisements November 19, 2012 The CFPB and Federal Trade Commission (FTC) have issued approximately thirty-six warning letters to entities in the mortgage lending industry placing them on notice … Continue reading

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Residential Mortgage Lending – Fall 2012 Supervisory Highlights

Residential Mortgage Lending – Fall 2012 Supervisory Highlights On October 31st, in support of its policy of transparency to inform the public of its supervisory goals, work, and accomplishments, the Bureau of Consumer Financial Protection (CFPB) released a report detailing … Continue reading

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April 2012 – Compliance Newsletter

CFPB CFPB Bulletin 2012-02:  Guidance on Loan Originator Compensation. 4/2/12 –  The CFPB has issued Bulletin 2012-02, in response to questions it has received from loan originators and their firms seeking to comply with compensation rules issued under Regulation Z. … Continue reading

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