Links in “Truth in Lending Act (TILA/Regulation Z)”
- New CFPB Agenda Announced
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]
- OCC Provides Updated TILA Examination Guidelines
The OCC has released a new Truth in Lending Act booklet to replace the 2010 version in providing guidance and procedures related to examinations. The biggest changes surround Dodd-Frank's transfer of rulemaking authority and new requirements for high-priced mortgage loans. [12/17/14]
- The Ongoing Evolution of the Mortgage Servicing Rules
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]
- Considering Apple Pay? Better Know the Rules!
If you are considering offering Apple Pay through your credit union, you need to be aware of the regulatory requirements, including compliance with vendor management requirements, as well as the regulatory requirements under Regulation Z and Regulation E. [12/12/14]
- What’s New at the CFPB?
Not much new reported in the CFPB's most recent semi-annual report. But it did break down the number of enforcement actions for TILA violations, EFTA violations, and CARD Act violations. [12/9/14]
- Breaking Down CFPB’s 500-page Servicing Rule Proposal
A look at the CFPB's proposed rulemaking on servicing rules under Regs. X & Z. [12/1/14]
- Breaking Down CFPB’s New Closing Disclosure Guidance
Recap of the CFPB's fourth webinar on the new closing disclosure. [11/24/14]
- CFPB Goes Final on Certain TILA Amendments
CFPB issues a definition under a final rule for certain alternative small servicing nonprofit entities. Exemption will not apply to credit union industry directly. Additionally, the CFPB's final rule also provides a cure mechanism for the points and fees limit that applies to qualified mortgages. [11/3/14]
- RESPA/TILA Rule Reminder
Don't forget, there are only 12 days left in the public comment period for proposed changes to the integrated RESPA/TILA mortgage disclosures. Make sure you're up-to-date on the most recent proposed changes. [10/29/14]
- CFPB Releases List of Rural and Underserved Counties
The CFPB recently released the 2015 Rural or Underserved Counties List. This list is relevant for understanding requirements of escrow, ability to repay, high-priced mortgage loans, and other technical regulations. [10/28/14]
