(OnlineEd – Portland, OR) Good news from the CFPB – they’re still not quite speaking softly, but starting in November at least, they’re leaving the big stick at home. The Consumer Financial Protection Bureau confirmed earlier this month that...
If your small business has been operating under the “it won’t happen to me” assumption in regards to a CFPB audit, think again. The CFPB has repeatedly made it clear that they intend to audit everyone in the mortgage industry, regardless of size. They started...
(OnlineEd – Portland, OR) – The Consumer Financial Protection Bureau (“CFPB”) gave 12 months (and sometimes less) from the “issue date” to implement the majority of these new requirements. Because the CFPB considers the...
Compliance is a hot topic today, as the landscape is constantly shifting and being redefined as the mortgage and real estate industry stabilizes in the wake of the financial crisis. Understanding what these new and changing compliance requirements are can be a...
(OnlineEd) – Residential mortgage lenders take note: The August 13, 2012 deadline for compliance with the new anti-money laundering (“AML”) and suspicious activity report (“SAR”) final rule is fast approaching. Before August 13, 2012,...
