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These updates offer financial institutions and other industry participants valuable guidance on how the bureau will conduct examinations for compliance with the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA).
The updates incorporate the first set of interim TILA exam procedures from June. The CFPB Examination Manual now contains updated interim exam procedures for RESPA, covering final rules issued by the CFPB through July 10, 2013; updated interim exam procedures for TILA, covering final rules issued by the CFPB through May 29, 2013; and the previously issued interim exam procedures for the Equal Credit Opportunity Act (ECOA), covering final rules issued by the CFPB through January 18, 2013.
NEW SPANISH TILA-RESPA TOOLKIT
updated 07/28/15 09:18 AM
Plus, Unclaimed Property Seminar
The Consumer Financial Protection Bureau (CFPB) has released a Spanish edition of “Your Home Loan Toolkit,” the consumer guide that is designed to replace the current Settlement Cost booklet when the TILA-RESPA Integrated Disclosures rule goes into effect on Oct. 3.
POLICYWORKS LEAGUE COMPLIANCE SITE
updated 07/21/15 08:59 AM
League Member-Exclusive Content
The PolicyWorks League members’ only website provides member credit unions with ongoing compliance support as benefit of League membership. The website houses a library of compliance information and communications to assist credit unions with their compliance needs.