The Consumer Financial Protection Bureau recently announced that it has published new versions of the TILA-RESPA Integrated Disclosure rule’s Loan Estimate and Closing Disclosure on its website. The updated versions now are annotated with the sections of chapter 2 (Part B) of TILA that the CFPB says were “referenced in the Integrated Mortgage Disclosure final rule.” See the details here.
If you’re a regular reader of RESPA News, or even just pick up our publication on occasion, you take compliance seriously. Yet, with all of your compliance focus and efforts to make sure your company is on the up-and-up, are your lessons getting through to your sales force? This was a topic of conversation at this year’s RESPRO conference. See what the experts had to say here.
Following the recent oral arguments in the D.C. Circuit Court of Appeals for the PHH Corp. v. Consumer Financial Protection Bureau case, many in the industry are hopeful that the court will decide in PHH’s favor. The decision is not likely to come out for a while, but even then, the case is likely far from over. See why here.
Under the TILA-RESPA Integrated Disclosure (TRID) rule placing liability for violations of the rule squarely on lenders’ shoulders, both lenders and settlement agents have wondered how lenders will minimize their risks. To clarify the law in this area, we sat down with former CFPB attorney Richard Horn to discuss lender liability under TRID. See what he had to say here.
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray responded to an inquiry from a pair of House representatives on credit union and community bank exemptions from CFPB rulemaking, saying the bureau has taken steps to provide regulatory relief to small institutions. Read on for more details.
The Consumer Financial Protection Bureau (CFPB) has just released its spring rulemaking agenda, outlining its priorities for making rules regarding consumer finance markets. This is one of the CFPB’s semiannual updates required by the federal government. See what the bureau will be focusing on in the next few months here.
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