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The Federal Reserve Board of Governors has invited interested credit unions to attend a Consumer Financial Protection Bureau-hosted webinar on integrated disclosure rules from the Truth in Lending Act and Real Estate Settlement Procedures Act (TILA-RESPA).
This session will be the first of a recurring series of webinars to address the new rule as creditors, mortgage brokers, settlement agents, software developers, and other stakeholders work to implement it over the next year.
The first session will provide an overview of the final rule and new disclosures, and address a few basic compliance questions, while subsequent webinars will address specific implementation and interpretive questions about the rule provided to the CFPB.
COMPLIANCE ROUNDUP: ALERTS, GUIDANCE
updated 10/06/15 09:09 AM
Plus, Flood Insurance Webinar
Federal credit unions can continue to make payday alternative loans (PALs) under changes to the Military Lending Act (MLA), which became effective Thursday, according to the Credit Union National Association (CUNA).
CFPB POSTS SPANISH CONSUMER BOOKLET
updated 09/28/15 02:11 PM
'Your Home Loan Toolkit'
The Consumer Financial Protection Bureau (CFPB) has posted a Spanish language version of its Home Buying Information Booklet—also known as the “special information booklet” or “settlement cost booklet”—as required under the Real Estate Settlement Procedures Act (RESPA), Regulation X, and Regulation Z.