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Research & Compliance     

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Compliance

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From the Editors of CU Weekly

CHANGES TO REG C PROPOSED ON HMDA
updated 07/29/14 10:20 AM
Comments Due Oct. 22
The Consumer Financial Protection Bureau (CFPB) has proposed changes to Regulation C, which implements the Home Mortgage Disclosure Act and is inviting financial institutions to comment on the proposed rule.

Comments are due on Oct. 22, 2014.

The CFPB says the proposed rule would improve information reported about the residential mortgage market, according to a statement.

It would also “shed more light on consumers’ access to mortgage credit by updating the reporting requirements of the Home Mortgage Disclosure Act (HMDA) regulations. The Bureau also aims to simplify the reporting process for financial institutions.”

Click here to view the CFPB’s announcement and more information.

 
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CHANGES TO IRS FORM 1098
updated 05/03/16 07:30 AM
SCRA Foreclosure Protection Extended
The Internal Revenue Service (IRS) has clarified changes to Form 1098—the Mortgage Interest Reporting form—as a result of the Surface Transportation Act signed into law last July. Beginning next year:

Click to view the complete story

UNCLAIMED PROPERTY HANDBOOK
updated 04/26/16 07:15 AM
Plus, Title XIV Mortgage Updates
California State Controller's Office has issued an updated Unclaimed Property Holder Handbook with changes to reflect:

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