compliance guide

CFPB issues Small Entity Compliance Guide for ability to repay mortgage rule; trade groups seek more time for implementation

By Richard J. Andreano, Jr. on April 11, 2013

Posted in Mortgages, Regulatory and Enforcement

The CFPB has issued a Small Entity Compliance Guide on the ability to repay and qualified mortgage rule. According to the 45-page guide, it is intended to provide “an easy-to-use summary” of the rule and “highlights issues that small creditors, and those that work with them, might find helpful to consider when implementing the rule.” … Continue Reading

CFPB issues remittance transfer rule compliance guide for small businesses

By Barbara S. Mishkin on October 24, 2012

Posted in CFPB Rulemaking, Regulatory and Enforcement

The CFPB has issued a Small Entity Compliance Guide to assist small businesses in complying with the remittance transfer rule. The final rule takes effect on February 7, 2013. The guide includes a summary of the remittance rule, information to assist a business in determining whether it will be subject to the rule, and details on the rule’s requirements.… Continue Reading