More about financialinstitution@CLAconnect.com
Blog Posts by financialinstitution@CLAconnect.com:
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New Online Privacy Method for Companies That Offer Services for Children
The Federal Trade Commission recently approved a new method for companies, including credit unions, to obtain parental consent for collecting personal information from children.
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New HMDA Rules Change Reporting Threshold and Data Collection
The updated Home Mortgage Disclosure Act includes new data to be collected starting January 1, 2018, and a reporting exemption for small institutions.
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Final Rule Issued on Small Creditors and Rural or Underserved Areas
The Consumer Financial Protection Bureau has issued a final rule changing the definition of “small creditor” and “rural area” in Regulation Z.
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TRID Compliance Deadline Extended by Two Days
The Consumer Financial Protection Bureau has proposed delaying the effective date of the Truth in Lending/Real Estate Settlement Procedures Act Integrated Disclosures rule (TRID) until October 3, 2015.
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Final Rule Issued on Flood Insurance
Numerous government agencies have issued a final rule regarding loans in areas having special flood hazards.
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TRID Rule Effective Date Delayed Until October
The Consumer Financial Protection Bureau has announced that the TRID rule effective date will be delayed until October 2015.
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HUD Announces Largest Settlement Ever for Mortgage Redlining
The U.S. Department of Housing and Urban Development has made a $200 million settlement with Associated Bank, N.A., for unfair lending practices against minority borrowers.
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CFPB Releases Updated Examination Procedures
The CFPB has released an update to help financial institutions comply with the TILA-RESPA integrated disclosure rule.
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CFPB Issues Housing Counselor Information Interpretive Rule
The Consumer Financial Protection Bureau has restated guidance in the form of a final interpretive rule on how to provide mortgage applicants with homeownership counseling organization lists.
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CFPB Releases Home Loan Toolkit
The home loan toolkit, provided to mortgage applicants during the application process, is intended to replace the settlement cost booklet.