The Consumer Financial Protection Bureau today released a fact sheet that covers the basics of using the TILA-RESPA integrated disclosures for construction loans. The fact sheet includes information on which construction loans are covered by TRID (open-end transactions or loans for a commercial purpose are not covered), as well as existing provisions for construction loan disclosures and guidance on disclosures for a loan with permanent financing as either one or two loans.
Small Business Bank in Kansas closed by regulators
Kansas regulators closed Small Business Bank in Lenexa, Kansas, and appointed the FDIC as receiver. The Farmers State Bank of Oakley, Kansas, agreed to assume substantially all deposits and purchase certain assets.








