Links in “Real Estate Settlement Procedures Act (RESPA/Regulation X)”

Chart presented by former CFPB deputy assistant director shows the different tolerance buckets that come with the new TILA/RESPA integrated disclosure rule. [3/17/15]

Recap of several key points of CFPB Director Richard Cordray's remarks before the House Financial Services Committee, including the five-year review of ability-to-repay rules, the latest on the Small Business Review Panel to analyze rule-making regarding payday lenders, and whether he plans to bring the hammer down on day one of TILA-RESPA integrated disclosure rules on Aug. 1. [3/10/15]

Will the CFPB consider a "60-day nonenforcement window" or a "five-month restrained enforcement period" following the Aug. 1 effective date of the TILA-RESPA Integrated Disclosure Rule? The bureau's director seems less than enthused about the idea. "People will have had close to two years to get ready for this. Nobody should be surprised by this." [3/10/15]

The new TILA-RESPA integrated mortgage disclosure rule is shaking things up across the board for financial institutions. How will it impact your organization’s record retention program? Receive a complimentary copy of the AdvisX Record Retention Schedule when you sign up for a free two-week trial to My Risk Inbox. Follow this link and click “Subscription Options” in the top right corner. [3/6/15]

The National Credit Union Administration will hold a webinar on Wednesday, Feb. 11, 2015. The free webinar will explore the most notable changes made to the forms and disclosures required under TILA and RESPA. [1/27/15]

There is nothing new about the RESPA Section 8 prohibition against the payment of kickbacks for referrals of mortgage settlement services. However, if you factor in greed, you have the reason why these violations continue to occur. JPMorgan Chase and Wells Fargo will now be paying $35.7 million in penalties for a kickback scheme under which a title company paid loan officers cash and provided free marketing services in exchange for referrals. [1/23/15]

The CFPB published its half-year 2015 regulatory agenda in the Federal Register. The more significant regulatory efforts listed include implementing the Dodd-Frank Act's mortgage protections including anticipated revisions and streamlining of key mortgage regulations including HMDA, RESPA, and TILA. The agenda further anticipates revisions to Regulation CC, the Expedited Funds Availability Act, and business lending rules under ECOA. [12/22/14]

Ocwen workers who picked loans for review weren't independent from management, which may be sloppy or "could be more." A federal monitor is looking into a whistleblower's report. [12/16/14]

The CFPB is proposing more changes to the 2013 mortgage servicing rules. Among other things, the proposed changes include elements of force-placed insurance notices and periodic statement requirements found in RESPA and TILA. [12/15/14]

A look at the CFPB's proposed rulemaking on servicing rules under Regs. X & Z. [12/1/14]