By: Mikel Dunnagan “Begin at the beginning and go on till you come to the end: then stop,” said the King inAlice in Wonderland. Similar to this quote, the Dodd-Frank Act’s (DFA) Integrated Disclosures rules make for some confusing reading, requiring one to think like a regulator when attempting to understand the new rules. (This… View Article

By: Cody Roberts Here at ABS, we update our CompliancePro software three to four times per year allowing us to deliver the most current compliance monitoring information our clients deserve. Since we’re here for your success and support, we thought you’d like a sneak peak at our next release, scheduled for April 2015, to keep… View Article

By: Elva Coffey-Sears Concerned about implementation planning? We’re here to help! Section 16 of the CFPB’s TILA-RESPA Integrated Disclosure rule – Small entity compliance guide (http://ow.ly/JoA2l) enumerates the following four practical implementation issues that an institution may include in its compliance implementation plan including identifying: Affected products, departments and staff The business-process, operational and technology… View Article

By: Gina Ellis No doubt, by now you have reviewed your HMDA LAR more than once and are ready to submit.  However, stop and consider the following points one more time to make sure all your information is correct and makes sense for your institution.  March 1st falls on Sunday in 2015, but don’t wait… View Article

Chapter 1. Shopping for Loans Made Easy, or Compliance QVC By: James Bruce, EVP and General Counsel Newsflash – nearly half of mortgage borrowers don’t shop around when they buy a home. This is according to a survey released by the Consumer Financial Protection Bureau on January 13, 2015. In the wake of this report,… View Article

Great morning to you! Here is the initial guidance from the CFPB (also known as the Bureau of Full Employment for Attorneys and Consultants) on the new RESPA/TIL forms (formerly known as the GFE and HUD-1) that will be required in 2015.  Currently at +2,000 pages of rules, guides, and interpretations, the process of information… View Article

The signs were all there – I’m walking my dog in the dark, mowing my leaves rather than my lawn, and firing up the furnace – but it didn’t hit me until I walked into the store last weekend. There in aisle three, right behind the Halloween costumes are the Holiday decorations! Where has the… View Article

Good morning! Football season is just around the corner and along with it comes…the new Reg. E Remittance Transfer Rule, effective October 28, 2013?!?!? That’s right.  As the rule was ready to implement in February, 2013, the CFPB jerked the reins and stopped the wagon just in the nick of time before it went over… View Article

CompliancEX recently sat down with Ernie Springer, a former Compliance Officer who now works with CompliancePro, a compliance monitoring tool on the development side to find out more of his former background in compliance and his work now with CompliancePro. Continue to article Posted by Ernie Springer