Category Archives: Compliance

Lingering Confusion Over 2017 TRID Rule | What We Know

The Consumer Financial Protection Bureau published a modified TRID rule on August 11, 2017. Despite an open comment period during which industry participants were able to seek clarification on specific provisions of the new rule, many compliance stakeholders have been left with few answers and a growing dissatisfaction with the explanation of key aspects of Read More

CFPB Officially Releases Finalized Updates to TRID

On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) issued a final rule regarding mortgage disclosure requirements. Known as the “Know Before You Owe” rule, and referred to within the industry as TRID (TILA-RESPA Integrated Disclosure), the final rule responds to requests for clarity since TRID went into effect in October 2015. The updates, Read More

Spring, and Change, is in the Air

With spring comes new beginnings and changes—and that is exactly what the appraisal management world is beginning to witness. Due to the 2016 elections, there will most likely be a move toward a loosening of regulations, since the current Congress and POTUS favor a less constrictive federal government when it comes to business. This is Read More

Beyond Compliance in the New Year.

With the seemingly constant stream of new regulations, clarifications and rules from the Office of the Comptroller of the Currency (OCC), Consumer Financial Protection Bureau (CFPB), Department of Housing and Urban Development (HUD), CFTC and numerous other agencies, laws and institutions, it’s important to stay up-to-date. The “Know Before You Owe” rule, TILA-RESPA Integrated Disclosure Read More

Why the Outcome of PHH Corporation v. CFPB Matters.

The recent decision by the United States Court of Appeals for the District of Columbia Circuit in PHH Corporation v. Consumer Financial Protection Bureau (CFPB) generated some pretty far-reaching consequences. PHH, a New Jersey-based mortgage company, appealed a $109 million fine levied by the CFPB for referring consumers to mortgage insurers in exchange for kickbacks, Read More

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