Sample Newsletter: November 2012
Executive Briefing
Credit Union Call Report
The National Credit Union Administration (NCUA) has published several changes to the Credit Union Call Report that will become effective with the December 31, 2012 filing.
Reg X - Proposed Mortgage Servicing Amendments
The Consumer Financial Protection Bureau (CFPB) has published proposed changes to Regulation X (Real Estate Settlement Procedures Act) related to mortgage loan servicing. This would implement Section 1463 of the Dodd-Frank Act and include new requirements related to the following:
- Error Resolution Procedures
- Information Requests
- Force-Placed Insurance
- Loss Mitigation Procedures
- Information Management Policies & Procedures
- Early Intervention With Delinquent Borrowers
- Continuity Of Contact With Delinquent Borrowers
IRS - Pub. 1220 Amendments
The Internal Revenue Service has published several "corrections" and "clarifications" to Pub. 1220.
Reg Z - Delayed Implementation
The Consumer Financial Protection Bureau has published an amendment to Regulation Z that effectively delays the implementation of certain new mortgage disclosures required by the Dodd-Frank Act.
Short Compliance Topics
- Reg. Z - Credit Cards & Ability To Repay
- CFPB - Supervision Of Debt Collectors
- Regulation Z - "High-Cost" Mortgages
- Regulation Z - Exemption Threshold
- Regulation M - Exemption Threshold
Emerging Issues
- Homeowner Tax Fairness Act
- Homeowners & Military Families Tax Fairness Act
- TAG Program Extension
