Links in “Truth in Lending Act (TILA/Regulation Z)”
- Looking for a Written Q&A from CFPB on New TILA-RESPA Rules? Don’t Hold Your Breath
CFPB staff intends to offer Q&As on the TILA-RESPA integrated disclosure rules, but only via a series of webinars. Here's a recap of the Q&A from the 8/26/14 webinar co-hosted by the CFPB and the FRB. [8/29/14]
- Stricter Requirements for ARMs
Adjustable rate mortgage (ARM) regulations have been revised. The final rule requires a 45-day look-back period for interest rate adjustments which result in a change to the mortgagorâs monthly payment for an ARM as well as compliance with disclosure and notification requirements of the 2013 TILA Servicing Rule. [8/26/14]
- Reg. Z Gets a Face Lift
The CFPB is required to recalculate the specific amounts and percents of several provisions within Regulation Z each year. Having done so, the CFPB has issued the final rule regarding these matters. These changes will be effective starting January 1, 2015. [8/15/14]
- But What Does It MEAN?
Using the definition of "assumption" from Reg Z, the CFPB issued a rule clarifying the term "successor-in-interest" as part of its ability-to-repay rule. [7/17/14]
- Notes on CFPB’s TILA/RESPA Integrated Disclosures Webinar
A look at the key points that came out of the first in a series of CFPB webinars on the integrated disclosure rules for Truth in Lending and Real Estate Settlement Procedures Acts. [6/20/14]
- A Look at the Scope of TILA/RESPA
Which CUs and mortgage loans are covered by the integrated mortgage rules? [6/2]
- CFPB’s Electronic Version of Reg. Z: Trust, But Verify
CFPB's new "easier-to-navigate" electronic version of Reg. Z includes a disclaimer worth noting. [5/16]
- Shifting Paradigms: Simple Regulations?
The CFPB has released an intuitive electronic format of Regulation Z, one of the most complex and heavily-consulted consumer financial regulations. In an effort to further improve the delivery of this and other regulations, the CFPB seeks feedback and requests assistance in sharing this tool with all who may benefit from its use. [5/13]
- VA Shields Loans to Veterans
The VA issues interim final rule that defines "qualified mortgages" and ability to repay. VA's interpretation allows flexibility designed to meet veteran mortgage needs. [5/9]
- 3 CFPB Proposals: Reason for Optimism?
Three CFPB proposals provide a rare bright spot for those who have been navigating complex compliance regulations lately. A look at proposed rules on privacy disclosures, Ability-to-Repay/Qualified Mortgage rules, and Remittance Rule. [5/9]
