May I Send Adverse Action Notices to Joint Applicants at the Same Mailing Address—Even if They Reside at Different Addresses?
. . . and other questions and answers from the March/April 2021 ABA Regulatory Policy and Compliance Inbox.
Browsing: TILA-RESPA integrated disclosures
CFPB Assessment Finds TRID Rule Imposed ‘Sizable’ Costs for Lenders
The Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure Rule “appears to have created sizable implementation costs for lenders,” the bureau concluded in its five-year lookback assessment of the 2015 rule.
CFPB Updates Process for Determining ‘Underserved’ Counties
In an interpretive rule issued today, the CFPB provided guidance on how it will determine which counties qualify as “underserved” for a given calendar year, as required by Regulation Z.
CFPB Announces Relief From TRID, Reg Z Waiting Periods
The Consumer Financial Protection Bureau issued an interpretive rule yesterday clarifying that, due to the COVID-19 emergency, consumers have a greater ability to exercise their rights to modify or waive certain required waiting periods under the TILA-RESPA integrated disclosures and Regulation Z rescission rules.
ABA, Groups Highlight TRID Burden Ahead of CFPB Assessment
As the Consumer Financial Protection Bureau prepares to conduct its five-year assessment of the 2013 TILA-RESPA Integrated Disclosure Rule, ABA joined several other financial trade groups in an extensive comment letter detailing how the rule has imposed significant and unnecessary costs and liabilities on lenders.
CFPB to Conduct Five-Year Review of TILA-RESPA Integrated Disclosure Rule
The Consumer Financial Protection Bureau today published its plan for conducting a five-year assessment of the 2013 TILA-RESPA Integrated Disclosure rule.
Must I File a New SAR If I Observe a New Kind of Suspicious Activity?
…and more insights from ABA’s Regulatory Compliance and Policy Inbox in the latest issue of the ABA Banking Journal.
My Bank Received a Subpoena For Customer Records—How Do I Respond?
…and more insights from ABA’s Regulatory Compliance and Policy Inbox in the next issue of the ABA Banking Journal.
ABA Calls for Broader Application of TILA to PACE Loans
The American Bankers Association yesterday offered feedback to the Consumer Financial Protection Bureau on its planned rulemaking on of residential Property Assessed Clean Energy loans.
CFPB Issues Fact Sheet on TRID Requirements for Assumptions
The Consumer Financial Protection Bureau today issued a fact sheet to help lenders determine when the TILA-RESPA integrated disclosures—the Loan Estimate and the Closing Disclosure—are required when mortgages are assumed.