by Coppelia Padgett Just for fun, let’s break down the new mortgage servicing rules that are due to be implemented next January. In this series of articles, we are going to look at the [...]
With last week's release of the Home Mortgage Disclosure Act data for 2012, many reporting financial institutions are likely to have HMDA on the agenda of their next compliance committee meeting. Item 1 on that [...]
by. Coppelia Padgett The annual MLO (Mortgage Lending Originators) registration renewal period is coming! As you will all remember, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) created the NMLS Federal Registry [...]
by. Dennis Agle In part 1 of this 2-part blog post, we rounded up the first five of our essential Twitter accounts for those with responsibilities for compliance and risk at their financial institutions. Here [...]
by Jane Pannier Compliance officers and others responsible for their credit union’s compliance program should be sure to place particular focus on three key areas in 2014. 1. Enterprise Risk – NCUA and the other [...]
by. Jane Pannier Once again the CFPB has issued another final rule that includes further amendments to clarify portions of its new mortgage lending rules. This final rule addresses the Regulation Z ability-to-repay provisions issued [...]
by Dennis Agle Let’s face it, when it comes to Twitter and financial institutions, it seems like a tool whose usefulness is limited to reminding consumers about holiday closing times and food drives. But [...]
I'll admit it: I'm a sucker for a good sports movie. One of my favorites is "Miracle," the 2004 movie starring Kurt Russell, who plays Herb Brooks, coach of the 1980 U.S. Olympic hockey [...]
by Jane Pannier TRUTH IN LENDING, REGULATION Z Effective Date: January 10, 2014 SUMMARY The Loan Originator Compensation Rule and the corresponding amendments to Regulation Z implement changes required by the Dodd-Frank Wall Street Reform [...]
by Dennis Agle In the course of conducting business, you discover a potential compliance concern. As you dig a little deeper, you realize that it more extensive than you had first hoped. Now the question [...]
Understanding the Small Institution exemption in the SAFE Act by Coppelia Padgett Here is a story problem for you. You are a tiny institution with 10 full-time employees and two part-time employees. You have several [...]
On June 25, 2013, the Consumer Financial Protection Bureau released Bulletin 2013-06, which has potentially significant ramifications for all those with responsibilities for their credit union's compliance program, regardless of who their primary regulator is. [...]
by Ken Wolff The traditional model of compliance review services has always been to randomly select and review documents and compare them to known standards and templates that reflect an optimal version of what that [...]
by Dennis Agle If you’re involved in the compliance effort at your bank or credit union, you know that these are challenging times just to keep up with what is going on, let alone [...]
by Ken Agle There is something about a massive storm approaching that brings both wonder and a bit of terror to those that lie in its path. Having spent a pair of hurricane seasons in [...]
